Ethereum is vanishing from exchanges, and the massive wallets absorbing it prove you aren’t the target audience anymore

Dec 23, 2025 - 17:00
Ethereum is vanishing from exchanges, and the massive wallets absorbing it prove you aren’t the target audience anymore
Ethereum (ETH) broke its 2021 all-time high in August, brushing $4,945 and a $600 billion market cap, while exchange balances hit record lows. Corporate treasuries and spot ETFs now control nearly 11% of the circulating supply. By every structural metric, ETH should feel like it’s having a moment. It doesn’t. No Bored Apes are selling...

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