Ethereum exchange supply now at 10-year low as whales load up
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Ethereum’s supply on centralized exchanges has dropped to its lowest level in over 10 years, as large holders and institutions continue to accumulate the asset. According to a May 19 update by Santiment, less than 4.9% of Ethereum’s (ETH) total supply is now held on exchanges, a record low in the network’s 10+ year history. Santiment noted that over the last five years, 15.3 million ETH have been withdrawn from centralized trading platforms. 📉 Ethereum has under 4.9% of its supply on exchanges for the first time in its 10+ year history. And Bitcoin’s supply on exchanges is down to just 7.1% for the first time since November, 2018. 🗓️ Over the past 5 years, there is: 👉 1.7M less Bitcoin on exchanges👉 15.3M less… pic.twitter.com/kKn9s1m2mC — Santiment (@santimentfeed) May 19, 2025 More recently, CryptoRank.io reported on May 18 that over 1 million ETH have been withdrawn from exchanges in the past month alone. The platform noted that “users are increasingly choosing to accumulate Ethereum rather than trade it,” pointing to long-term confidence in the asset. On-chain data shows that Ethereum whales, wallets holding over 10,000 ETH, have added more than 450,000 ETH since late April. By May 10, these large holders owned 40.75 million ETH, the highest level since March, as tracked by Santiment. Institutions are also showing growing interest. According to SoSoValue data, U.S. spot ETH spot ETFs have seen net inflows of $30 million in the last month, reversing a prolonged streak of outflows. At the same time, BlackRock’s Ethereum assets under management have surpassed $2.9 billion, signaling continued accumulation. Analysts say ETH is becoming a key asset for institutional investors. In a May 12 post on X, market analyst Adriano Feria wrote: “ETH remains the most natural choice for institutional diversification… It’s the only crypto asset with…
Filed under: News - @ May 20, 2025 4:26 am