ChainCatcher news, CryptoQuant writer Burakkesmeci stated that as of October 18, 2024, the number of Ethereum accumulation addresses holding ETH has exceeded 19 million.Burakkesmeci expects that by the end of this year, these addresses will hold more than 20 million ETH. At that time, the price of Ethereum is expected to be around $4000, with a total value exceeding $80 billion, comparable to the market capitalization of some of the largest companies in the world.

ChainCatcher news, according to CryptoQuant data, Bitcoin accumulation addresses saw a significant inflow of funds on the 15th of this month, with a total of 17,800 BTC flowing in. At that time, the cryptocurrency price was around $61,600, making their purchase cost nearly $1.1 billion.It is reported that "accumulation addresses" refer to addresses on the network with zero sell history. The address must have at least two inflow transactions, with the last one occurring within the past seven years.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa monitoring, in the past ten minutes, the GMT accumulation address has transferred 42.67 million GMT from Binance again, worth 15.95 million USD.During the period from 03.25 to 03.28, this address has accumulated a total of 175 million GMT (worth 60.01 million USD), with an average cost of 0.34 USD.