The address, a long-term holder on Ethereum, raised 29.8 ETH units on June 12.

CryptoQuant research director Julio Moreno said yesterday that Ethereum demand has increased. Within 24 hours on June 12, long-term holders' addresses purchased 298,000 ETH, worth approximately $1.34 billion, breaking the second-highest purchase record in history. This purchase amount was 6% below the record recorded only on September 11 in 2023. At the time, long-term holders purchased 317,000 ETH when the price fell below $1,600. $ETH