Analysts: Ancient ETH tokens will not be locked up indefinitely; ETFs and DAT companies are facing selling pressure of 12.05 million tokens in this cy...

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Analyst notes ETF and DAT companies absorbed 12.05 million ETH selling pressure, preventing worse price performance. Ancient ETH tokens remain active, and consuming half of the 20 million could lead to a price leap.

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[Analyst: Ancient ETH Tokens Won't Be Locked Up Long-Term; ETF and DAT Companies Absorbed 12.05 Million ETH Selling Pressure in This Cycle] According to Mars Finance, analyst Murphy published an analysis on the X platform stating: "ETF and DAT companies absorbed a total of 12.05 million ETH selling pressure in this cycle. Without them, ETH's price performance would have been even worse. Ancient tokens held for over 5 years with a cost below $400 are still highly 'active,' especially when the price is close to or above $4000. Currently, there are still 20 million of these tokens, accounting for 17% of the total circulating supply. Similarly, there are 3.79 million BTC tokens with a cost below $1000, accounting for 18.9% of the total circulating supply. However, unlike ETH, 1 million of these belong to Satoshi Nakamoto, and most of the rest have been lost. Coupled with higher community consensus, the 'activity' of these ancient BTC tokens is significantly lower than that of ETH." Personally, I believe that with the existing ETF and DAT... Based on the existing configuration, if new narratives and innovations can be added, and half of the remaining 20 million ancient tokens can be consumed, then the price of ETH could potentially experience a qualitative leap.

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