Over 90% of Ether Supply Is Now in 'State of Profit,' Says Glassnode

Cointelegraph

Published Aug 04, 2020 07:26AM ET

Updated Aug 04, 2020 09:00AM ET

As Ether (ETH) continues to hit new 2020 highs, the majority of ETH is now reportedly profitable.

According to data from blockchain intelligence firm Glassnode, more than 90% of the circulating ETH is now in "a state of profit." This means that over 90% of about 112 million ETH coins were bought at a lower price than the current market price of Ether, Glassnode tweeted on Aug. 4.

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