Finst

Ethereum stocks at "lowest level in nearly 10 years"

Ether is not yet running out on crypto exchanges, but the trend in recent months clearly points in one direction.

By Mike Hesp
• 1 min read

<img width="800" height="450" src="https://cdn.finst.com/marketing/news/en/acd-news/ethereum-stocks-at-lowest-level-in-nearly-10-years.png" alt="Ethereum stocks at "lowest level in nearly 10 years"">

Ether is not yet running out on crypto exchanges, but the trend in recent months clearly points in one direction. According to data platform Santiment, shared via X, the available supply of Ether on trading platforms is currently down to 8.97 million ETH. That is the "lowest level in almost a decade."

View post on X

The last time supply was comparably low was November 2015. According to Santiment, "the many DeFi and staking options" in particular have caused more and more Ether to be removed from active trading.

For Ether's share price development, this is basically favorable news, provided supply continues to fall while demand increases.

The crypto channel Crypto General View post on Xvia X that it is "only a matter of time" before there will be a major supply shock. Crypto commentator Ted View post on Xa similar opinion and writes that it is likewise "a matter of time" before "buyers start competing with each other, leading to a bidding war."

However, Ethereum seems far from that at the moment. Today, the ETH price once again dropped below the $2,000 mark.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.