Balance of Ethereum (ETH) held by crypto miners up until September 21, 2022

Published by
Raynor de Best,
Dec 18, 2024
The Ethereum Merge in September 2022 did not lead to the desired price increase that some miners were hoping to see, as thousands of ETH were dumped. This according to a graphic that displays how much of the cryptocurrency was held on blockchain addresses known to have mined them. When the bear market started in May 2022, several miners started to gather rewards of Ethereum as they were hoping prices would increase after the Merge. This did not happen, with several miners starting to sell their ETH and looking for other profitable Proof-of-Work cryptocurrencies.

Total number of Ethereum (ETH) held in balance on miner addresses September 2019 to September 21, 2022

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Release date

September 2022

Region

Worldwide

Survey time period

September 2019 to September 21, 2022

Special properties

Monthly figures are as of the end of that particular month; Opening price

Supplementary notes

Figures have been rounded.

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Topics

Ethereum (ETH)BitcoinCrypto marketBlockchainDecentralized Finance (DeFI)
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