September 27, 2022

Ethereum reserves are growing steadily

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Despite the fairly high market volatility, Ethereum quotes look stable. Investors expect a major upgrade of the ETH network and a transition to a new consensus algorithm. Against this background, the value of the asset increased by 1%, compared with the figure for the previous day.

Data from the analytical agency Santiment shows that miners hold about 920,000 coins in their wallets for a total of $1.7 billion. It is noteworthy that crypto miners began to actively accumulate in May last year. It seems that community members are getting ready to move the Ethereum blockchain to the Proof-of-Stake consensus algorithm.

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