Ethereum long-term holders increased their holdings by 298,000 ETH on June 12

Julio Moreno, the head of research at CryptoQuant, stated that there was a surge in demand for Ethereum yesterday. Within 24 hours on June 12th, long-term holders acquired 298,000 ETH, worth about $1.34 billion, marking the second-highest purchase record in history. This purchase volume was only 6% lower than the record set on September 11th, 2023, when long-term holders bought 317,000 ETH when the price fell below $1,600.