CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$33,118.00
  • ethereum
    ETH$1,262.95
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Over 60% Of All ETH Hasn’t Moved In More Than A Year: Will Ethereum 2.0 Change That?

    Over 60% Of All ETH Hasn’t Moved In More Than A Year: Will Ethereum 2.0 Change That?

    Author: Jordan Lyanchev

    Last Updated Oct 15, 2020 @ 09:02

    60.4% of all ETH tokens haven’t been transferred in over a year, while investors are preparing for the launch of Ethereum 2.0. Will the staking service change their approach?

    Ethereum investors prefer to HODL their assets, according to recent data. About 60% of all ETH tokens haven’t moved in at least one year.

    The question remains how and if this trend will change in the following months after the launch of the long-anticipated Ethereum 2.0, enabling investors to stake their ETH holdings.

    ETH Investors In HODLing Mood

    The “Hold Wave” chart provided by the analytics company Glassnode displays a macro view of how long a given coin is held before being moved. The company specifies that the warmer colors on their charts represent tokens that have been transferred recently, while cooler colors – those that haven’t moved in a long time.

    Ethereum HODL Waves. Source: Glassnode
    Ethereum HODL Waves. Source: Glassnode

    In the case of ETH tokens, the data suggests that approximately 39.6% of Ether has changed hands over the past 12 months. About 28% were last moved between the past 12 and 24 months – which is the most significant portion of the on-chain activity.

    Consequently, over 60% of all ETH hasn’t moved in over a year. The chart above illustrates that this trend started accelerating during the bear market in late 2018. At the time, ETH’s price had dipped below $100.

    Since then, however, ETH investors have been accumulating coins without substantial disposals. Even the mid-March price slumps when ETH briefly dropped below $100 again didn’t shake their trust.

    How Will ETH 2.0 Affect The HODLing Mentality?

    The cryptocurrency community expects one of the most crucial developments in Ethereum’s history to occur in the following months – the launch of ETH 2.0. The upgrade will mark the transition from the current proof-of-work consensus algorithm to proof-of-stake.

    Apart from potentially resolving some technical and security issues, the PoS update will allow investors to lock their coins and receive rewards in a process called staking.

    According to ETHhub founder Anthony Sassano, this transition could signal serious behavior changes for Ethereum investors. He was “particularly curious to see if any of the coins in the 5+ years category move.”

    ~60% of all ETH hasn’t moved in 1+ years.

    With eth2 phase 0 approaching, it’ll be interesting to see how much this percentage comes down by as Ethereum OG’s move their stash into staking.

    I’m particularly curious to see if any of the coins in the 5+ years category move 👀 pic.twitter.com/9H38dYAHDq

    — Anthony Sassano | sassal.eth ⛽ 🏴 (@sassal0x) October 14, 2020

    As CryptoPotato reported recently, the developments around ETH 2.0 seem rather promising. As of October 12th, the ETH 2.0 testnet dubbed Zinken is active and one of the developers claimed it was “performing perfectly.”

    Enjoy reading? Please share:
    Facebook Twitter LinkedIn Telegram
    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • Ethereum_2
      Ethereum Infrastructure Provider Down: Exchanges Halt ETH Withdrawals
    • eth_mining
      Ethereum Mining Revenue Reaches Five Year High
    • eth_pyramid
      Report: PlusToken-Like Ethereum Ponzi Could Dump ETH Price
    Read more on: Ethereum Ethereum 2.0 HODL

    About The Author

    Jordan Lyanchev View more posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$33,118.00
  • ethereum
    ETH$1,262.95
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    binance
    ADVERTISEMENT
    bitmart
    Bitcoin Editorials
    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    Ethereum 2.0 Staking on Exchange vs. Creating Your Node: What You Need to Know

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    5 Possible Reasons For Bitcoin’s Price Surge Over $30,000

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

    Is Blockchain The Answer To COVID-19 Led Misinformation and Rumor Mongering?

    Is Blockchain The Answer To COVID-19 Led Misinformation and Rumor Mongering?

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!