{"id":12163,"date":"2025-02-09T20:02:37","date_gmt":"2025-02-09T20:02:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12163"},"modified":"2025-02-09T20:02:37","modified_gmt":"2025-02-09T20:02:37","slug":"ethereum-supply-in-profit-hits-new-4-month-low-whats-happening","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12163","title":{"rendered":"Ethereum Supply In Profit Hits New 4-Month Low \u2014 What\u2019s Happening?"},"content":{"rendered":"
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Most large-cap altcoins have moments of brilliance in this current bull cycle, with Solana and XRP being some of the stand-out performers. On the other hand, Ethereum \u201cthe king of altcoins\u201d has struggled to impress,<\/a> underperforming over the past year.<\/p>\n

The latest on-chain data shows that a significant percentage of ETH investors are now underwater, partially due to the downturn that recently plagued the general market. Below is the amount of the Ethereum supply in loss and its potential impact on price.<\/p>\n

How Many ETH Tokens Are In Profit?<\/strong><\/h2>\n

In a Feb. 8 post on the X platform, prominent on-chain analytics firm Santiment revealed<\/a> that the amount of Ethereum tokens in the red has steadily increased over the past few weeks. The two relevant metrics here are the \u201cpercent of total supply in profit\u201d and \u201ctotal supply in profit.\u201d<\/p>\n

For context, the \u201csupply in profit\u201d metric is calculated by adding all token amounts that were last transferred when the token\u2019s price was less than the current price. Meanwhile, the \u201cpercent of total supply in profit\u201d metric measures the percentage of a cryptocurrency\u2019s total supply currently being held at a price higher than the original purchase price. It represents the ratio between supply in profit and circulation supply.<\/p>\n

According to Santiment, Ethereum\u2019s market capitalization has slumped by at least 36%<\/a> since reaching a local high of $4,016 in mid-December. Expectedly, this steady price decline has resulted in a notable drop in the amount of ETH tokens in profit since their date first mined.<\/p>\n

\"Ethereum<\/p>\n

Data from Santiment shows that the amount of Ethereum tokens in profit is currently around 97.7 million, the lowest value since November 4, 2024 (the night Trump won the United States Presidential election) At the same time, the ratio of the total ETH supply in profit stands at 65.5%, the lowest value since October 2, 2024, and down from 97.5% in early December.<\/p>\n

Santiment noted in its post:<\/p>\n

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The crowd has been notoriously negative toward the #2 market cap as it has under-performed compared to other large caps. With a great deal of FUD and retail traders willingly dumping their tokens, there may be some surprise bounces in store once crypto markets are able to stabilize.<\/p>\n<\/blockquote>\n

When a relatively lesser percentage of a token\u2019s supply is in profit, resilient long-term holders are likely to dominate the market. This means most \u201cFUD and retail traders\u201d have exited their positions and sold their tokens, reducing downward pressure<\/a> and setting the stage for a potential rebound.<\/p>\n

Ethereum Price<\/strong><\/h2>\n

As of this writing, the price of ETH sits just above the $2,600 mark, reflecting an over 2% increase in the past 24 hours.<\/p>\n

\"Ethereum\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Most large-cap altcoins have moments of brilliance in this current bull cycle, with Solana and XRP being some of the stand-out performers. On the other hand, Ethereum \u201cthe king of altcoins\u201d has struggled to impress, underperforming over the past year. The latest on-chain data shows that a significant percentage of ETH investors are now underwater, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12163","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12163"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12163\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}