Record Buying Day for Ether Hodlers

Harshini Chakka

Ether (ETH) recently experienced its second-biggest hodler buying day in history.

This surge in demand was seemingly triggered by a 2% price drop over 24 hours.

An impressive 298,000 Ether tokens were acquired by accumulation addresses in just one day.

This buying spree, equivalent to roughly US$1.34 billion, was only 6% lower than the record set on Sept. 11, 2023.

Despite Ether's 7.79% price decline over the past week, long-term holders remain bullish.

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