Miners Have Stashed Away $70B Worth of ETH!

A recent study released by Kraken Intelligence shows an unprecedented accumulation from Ethereum miners even despite generating lower revenue after a significant network upgrade that occurred back on Aug. 5.

The miners of ETH have accumulated an additional 2 million ETH which is currently worth around $6.1 billion. This accumulation means the ETH miners’ net holdings hit an all-time high of around 22.3 million ETH (about 20% of the total Ether supply), worth nearly $70 billion!

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