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Amount of ETH held by miners reaches highest level since 2016

Published 10/08/2021, 12:49 AM
Updated 10/08/2021, 02:20 AM
© Reuters.

The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell.

The balance held by Ethereum miners is the largest it has been since shortly after the network was launched five years ago. When converted into USD, it is at a historic peak of $1.85 billion, according to data provided by analytics platform Santiment.

Ethereum miner balances and price - santiment.net

Hash rate not hit

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