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Crypto

Ethereum Exits Exchanges: 1.15M Coins Vanish in 11 Weeks

Guavy AI Editorial Team
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ETH
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Ethereum's exchange balances have been on a steady decline over the past eleven weeks, with approximately 1.15 million coins removed from trading platforms.

This significant outflow has reduced the liquidity and selling pressure on centralized exchanges (CEX), potentially supporting price upside for Ethereum and broader crypto adoption.

The data shows that Ethereum exchange balances dropped from around 7.70 million ETH on June 2 to roughly 6.54 million ETH on August 18, indicating a notable shift in investor behavior.

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