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Ethereum's Supply on CEX Hits a 9-Year Low, with Only 8.97 Million ETH Remaining

2025.03.24 17:56:49

On March 24th, based on the data monitored by CryptoRank and Santiment, the quantity of Ethereum held in wallets linked to centralized exchanges (CEX) has declined to the lowest point in 9 years, amounting to only 8.97 million ETH, which represents the lowest level since November 2015. The continuous outflow of tokens from CEXs may result in a decrease in the availability of tokens in the market, potentially causing a price increase. CryptoRank stated, "Investors continuously transfer ETH to cold wallets, reducing the available liquidity. A similar trend was observed with Bitcoin in January when exchange reserves reached a seven-year low, followed by a significant price increase."
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