News - Ethereum stocks at "lowest level in nearly 10 years"
Ether is not yet running out on crypto exchanges, but the trend in recent months clearly points in one direction. According to data platform Santiment, shared via X, the available supply of Ether on trading platforms is currently down to 8.97 million ETH. That is the "lowest level in almost a decade."
👋 Thanks to the many DeFi and staking options, Ethereum's holders have now brought the available supply on exchanges down to 8.97M, the lowest amount in nearly 10 years (November, 2015). There is 16.4% less $ETH on exchanges compared to just 7 weeks ago. 😮 pic.twitter.com/r5957wPhLi
— Santiment (@santimentfeed) March 20, 2025
The last time supply was comparably low was November 2015. According to Santiment, "the many DeFi and staking options" in particular have caused more and more Ether to be removed from active trading.
For Ether's share price development, this is basically favorable news, provided supply continues to fall while demand increases.
The crypto channel Crypto General reports via X that it is "only a matter of time" before there will be a major supply shock. Crypto commentator Ted shares a similar opinion and writes that it is likewise "a matter of time" before "buyers start competing with each other, leading to a bidding war."
However, Ethereum seems far from that at the moment. Today, the ETH price once again dropped below the $2,000 mark.