According to a December 29 post on X from IntoTheBlock, the number of Ethereum
$3,409.30
long-term holders steadily increased in 2024.
The data revealed that those holding Ethereum for over a year grew from 59% at the start of the year to 75% by December.
In contrast, Bitcoin’s
$93,519.40
long-term holders fell from 70% to 62% during the same period.
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IntoTheBlock stated, “While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin early in the year”.
By December 30, Ethereum had 75.1% of its tokens held by long-term investors, compared to 62.3% for Bitcoin. IntoTheBlock defines long-term holders as those who retain assets for more than a year.
In mid-December, technical analyst Ger Van Lagen commented on Bitcoin’s price trends, noting that it was entering a “blow-off” phase. Bitcoin reached an all-time high of $106,000 before falling to $93,000 between December 16 and December 30.
While Bitcoin holders were reducing their stakes, Ethereum attracted increasing interest from individual and institutional investors.
Spot Ether exchange-traded funds (ETFs) saw net inflows double from $1 billion in November to $2.1 billion by December.
As Ethereum and Bitcoin take center stage in 2024’s market trends, other blockchain networks are making their own waves. Solana’s
$192.43
Jito Pool recently shattered records with a $100 million monthly revenue surge. What’s driving this growth? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
