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📈 Ethereum Accumulation Rises 

Word On The Street: Over $50 billion worth of ETH is now held in accumulation wallets, marking a nearly 65% increase since the start of 2024.

The details:

• This accumulation amounts to approximately $50.2 billion locked in addresses belonging to long-term investors who have made no prior withdrawals.

• The number of Ether in these wallets has risen from 11.5 million in January, reflecting a significant surge in confidence.

• Some Ethereum investors were expressing disappointment over the continued increase in Ether's supply, even with high network activity

Why it matters: Ethereum co-founder Vitalik Buterin recently addressed these concerns, suggesting that improvements like single-slot finality could help reduce transaction times and improve network efficiency.

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