Ethereum Long-Term Holders Now Control 78% of Circulating Supply Amid Market Downturn

Ethereum long-term investors are currently retaining approximately 78% of the cryptocurrency’s circulating supply. According to IntoTheBlock, these long-term holders have added to their holdings amid recent market downturns. This trend indicates strong investor confidence in Ethereum, as it reduces the coins in circulation and potentially limits price declines. Ethereum long-term investors are strengthening their position,