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Steven Walgenbach

Ethereum Exchange Balances Fall to 8.7%, Lowest Since 2015 Launch

Ethereum holdings on centralized exchanges dropped to 8.7% of total supply last Thursday, marking the lowest level since the network's mid-2015 launch, data show. The decline represents a 43% reduction since early July, driven by staking protocols, Layer-2 bridging, and institutional accumulation removing ETH from available markets. Bitcoin exchange balances currently stand at 14.7%, significantly higher than Ethereum's depleted reserves.