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{"id":6514,"date":"2023-10-06T09:51:24","date_gmt":"2023-10-06T09:51:24","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=6514"},"modified":"2023-10-06T09:51:26","modified_gmt":"2023-10-06T09:51:26","slug":"whats-happening-to-ethereums-reserves-find-out-now","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/whats-happening-to-ethereums-reserves-find-out-now\/","title":{"rendered":"What’s Happening to Ethereum’s Reserves? Find Out Now!"},"content":{"rendered":"\nEther (ETH), the native cryptocurrency of the Ethereum platform, has seen its reserves on exchanges plummet to a level not witnessed since May 2018. As of now, a mere 10.66 million ETH coins are present on cryptocurrency exchanges. This is a significant drop, especially when considering that a staggering 115.88M ETH is now located outside these centralized platforms, marking an all-time high.<\/p>\n\n\n\n
On October 4th, a notable movement was observed where approximately 110,000 ETH, valued at over $180 million, was transferred off exchanges. This was the most substantial outflow observed since August 21st. Such shifts in reserves are generally perceived as bullish indicators for the asset’s value. They signify reduced selling pressure and reflect the long-term confidence of investors.<\/p>\n\n\n\n