Key Takeaways
Binance now holds 25% of Ethereum’s Exchange Reserves as Open Interest surges and social sentiment spikes. Can price momentum hold without user growth?
Ethereum’s [ETH] Exchange Reserves on Binance surged from 3.8 million to nearly 5 million ETH, now representing 25% of the total exchange-held supply.
While overall ETH reserves across centralized exchanges remain flat at around 19.7 million, Binance’s growing share indicates notable redistribution. At press time, ETH traded at $3,148 after a 5.78% daily gain.
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