Ethereum Supply Plummets: Investors Flee Like It’s a Bad Date! 😂

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Hold onto your wallets, folks! The Ethereum Supply on Exchanges has taken a nosedive to a record low of 4.9%! Investors are withdrawing ETH faster than I can say “blockchain.” 💸

Ethereum Supply On Exchanges: The Downward Spiral Continues!

In a shocking revelation from the analytics wizards at Santiment, it turns out that the “Supply on Exchanges” is not just a fancy term for where your crypto goes to die. It actually measures the percentage of total ETH just chilling in centralized exchange wallets. Who knew? 🤔

When this number goes up, it’s like investors are throwing their tokens into the exchange like it’s a hot potato. And guess what? That usually means they’re planning to sell, which can send prices plummeting faster than my self-esteem after a bad haircut. 😬

But when the number goes down, it’s a different story! It means investors are taking their coins home to their cozy self-custodial wallets, probably planning to hold onto them like they’re the last slice of pizza at a party. 🍕 This is generally a bullish sign for the crypto world!

Now, feast your eyes on this chart from Santiment that shows the trend in Ethereum Supply on Exchanges over the years:

As you can see, the Ethereum Supply on Exchanges has been on a long-term downtrend, with a few dramatic spikes—like that time I tried to do a cartwheel and ended up on the floor. 🤸‍♀️

One of those spikes happened during the bull run at the end of 2024, when some investors decided to cash out like they just won the lottery. But since then, the trend has resumed its downward trajectory, suggesting that holders are back to hoarding their ETH like it’s the last roll of toilet paper during a pandemic. 🧻

Today, we’re sitting at a historic low of 4.9%. Can you believe it? It’s like the crypto version of a participation trophy! 🏆

In the same chart, Santiment also threw in some data for Bitcoin. Spoiler alert: it’s not looking much better. Bitcoin has also seen net outflows, but unlike ETH, it hasn’t had any dramatic plot twists. Over the last five years, investors have pulled 1.7 million BTC from exchanges, bringing the metric down to 7.1%—the lowest since November 2018. Talk about a crypto exodus! 🚪

And let’s not forget, exchanges used to be the life of the party, but now with the rise of ETFs, they’re more like that friend who shows up late and drunk. So, exchange outflows might not have the same dramatic impact as they used to. 🍷

ETH Price Update

As of now, Ethereum is floating around $2,500, down more than 2% in the last week. It’s like watching my hopes and dreams slowly fade away. 😢

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2025-05-21 10:13