Ethereum records a record inflow in a single day with 449,000 ETH in accumulation addresses
Ethereum accumulation addresses recorded historic record inflows, with the price of ETH dropping to US$ 1,400, but weak DeFi activity and a long-term downtrend challenge the chance of an optimistic recovery.
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Ethereum recorded a record of 449,000 ETH inflows to accumulation addresses on April 22.
Active addresses rose by 10%, signaling greater engagement in the network, but DeFi activity remains weak with a decline in DEX volumes.
Holders in accumulation addresses are still at a loss, with a realized price of US$ 1,981.
In the last 10 days, Ethereum inflows into accumulation addresses reached the highest levels since 2018. On April 22, a record of 449,000 Ether $ETH
, evaluated at an average price of US$ 1,750, flowed into these addresses, marking the highest daily inflow in Ethereum's history. This increase suggests that long-term holders remain optimistic about the future of the network, despite recent price drops.
However, the realized price for these accumulation addresses is US$ 1,981, meaning that these holders are currently at a loss, as the market price is below this level. It is worth noting that the realized price has been below the market price of Ethereum since 2018, only surpassing it recently, indicating a shift in holder dynamics.
