Golden Finance reported that Julio Moreno, head of research at CryptoQuant, said that Ethereum demand surged yesterday, and the purchase volume of long-term holders hit the second highest record in history. Within 24 hours on June 12th, long-term holder addresses received 298,000 ETH, worth about $1.34 billion.
This purchase volume is only 6% lower than the record on September 11, 2023, when long-term holders bought 317,000 ETH when the price fell below $1,600.
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