ETH tickers down
$3,518 has just notched one of its biggest days in long-term holder accumulation — seemingly taking advantage of a 2% price drop over 24 hours.

“Ethereum demand has spiked. Buying by permanent holders was the second highest on record yesterday,” CryptoQuant head of research Julio Moreno wrote in a June 13 X post.

Moreno highlighted that 298,000 Ether tokens were acquired by accumulation addresses over a 24-hour period on June 12 — equivalent to roughly $1.34 billion at the time of publication.

The amount acquired was only 6% lower than the record on Sept. 11, 2023, when long-term holders bought 317,000 Ether as the price fell below $1,600.