Ethereum HODLing milestone: over 80% unmoved for six months or more

Quick Take
A recent analysis of Ethereum’s supply, visualized through the “HODL waves” chart created by Glassnode, reveals that a significant portion of Ethereum supply remains unmoved over various time frames, indicating a trend of long-term holding among investors. The chart illustrates that over 80% of the Ethereum circulating supply has not moved for six months or longer.
Ethereum: HODL Waves: (Source: Glassnode)
Breaking down these figures, 14% of Ethereum has been held for six to 12 months, 16% for one to two years, and 17% for two to three years. Additionally, 15% has been held for three to five years, 11% for five to seven years, and 8% for seven to ten years.

Years
Percentage (%)

Six months to 12 months
14%

One year to 2 years
16%

2 to 3 years
17%

3 to 5 years
15%

5 to 7 years
11%

7 to 10 years
8%

Source: Glassnode
When compared to Bitcoin, 76% of Bitcoin’s supply hasn’t moved for at least six months, according to Glassnode. This comparative analysis suggests that investors increasingly view Ethereum as a speculative store of value, much like Bitcoin. The substantial portion of unmoved Ethereum highlights investor confidence in the long-term potential of the digital asset. CryptoSlate anticipates this trend will persist following the recent approval of spot Ethereum ETFs.
Bitcoin: HODL Waves: (Source: Glassnode)
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