Analysis: ETH holdings in Ethereum accumulation addresses exceed 19 million, up 65% from the beginning of the year

Crypto analyst Burakkesmeci posted that as of October 18, the total amount of ETH held in Ethereum accumulated addresses has exceeded 19 million. In January 2024, only 11.50 million ETH of these addresses, an increase of 65%. It is expected that by the end of this year, these addresses will hold more than 20 million ETH. At the price of Ethereum around $4,000, the total value will exceed $80 billion, making these increased addresses as valuable as some of the largest companies in the world.