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The supply of #الإيثيريوم is shrinking as storage operations reach record levels 🔒
Tom Lee has stored an additional 86,848 #ETH on the BitMine platform.
The total #Ethereum stored on #BitMine now amounts to 1,771,936 Ethereum.
Meanwhile:
- The unstorage queue on the Ethereum network has become zero.
- The storage entry queue has risen to 2.6 million Ethereum, the highest since July 2023.
As the amount of stored Ethereum increases and activity on the blockchain rises, the circulating supply continues to shrink; a situation that could increase supply pressure and impact retail investors with price resets.
#ETHUSDT
$ETH