While Ethereum has soared to hit a new all-time high above $1550, Grayscale Ethereum Trust has made a move to buy more Ether (ETH) coins.
Ethereum’s price run is far from over, as it begins to eye the $1800 level. In order to hit its new all-time high, Ether increased by approximately 12% in the last 24 hours. Currently, it is in price discovery territory as the second-largest cryptocurrency by market cap continues to surge.
According to Bloqport’s research, Grayscale has added around 24,796 Ether worth $37.8 million. The purchase was made in the past 12 hours, and Grayscale Ethereum Trust now holds 2.96 million of Ethereum coins with its latest add-on. Per Bloqport’s announcement:
“Grayscale adds 24,796 $ETH worth $37.8 million over the past 24 hours, bringing their total ETH AUM to $4.5 billion.”
New ETH addresses on the rise
With the new surge in Ethereum’s price, the number of new ETH addresses have continued to increase. This means that inflows from retail…