95% of corporate ETH buys happened in Q3 — start of Ether supercycle?
Crypto executives have tipped Ether to rise as high as 200% by the end of the year, led by corporate Ether purchases, ETF accumulation and Ether locked in staking.
Nearly all of the Ethereum accumulated by public companies to date occurred within a three-month window between July and September, according to recent data.
This comes as several crypto executives predict that Ether’s (ETH) price will rise by as much as 200% before the end of the year.
“95% of all ETH held by public companies was purchased in the past quarter alone,” Bitwise Invest said on Wednesday, referring to the $19.13 billion held in public treasuries, equivalent to roughly 4% of Ether’s total supply.
