Data from Into The Block shows that the number of addresses holding Ethereum (ETH) for over a year has gone up 67% within the last 12 months.
This could be due to growing excitement around ETH 2.0, as stakers expect staking rewards.
Anticipation grows among Ethereum holders eyeing staking rewards
There are now over 28 million addresses holding about 60 million ETH for more than a year.
As the long term holding proposition continues to strengthen, it sets the pace for more holders and higher price of the smart contract token.
The total number of addresses with a balance is obtained by subtracting the total zero balance from the total number of addresses.
Over 49 million holders on the network are currently with funds.
This is a significant addition from 34 million at the beginning of the year, revealing a steady increase in the market's portion willing to stack up the Ethereum.
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