🚨 Bombshell! Tom Lee announces: Bitmine will "never sell" its nearly 4% holding of $ETH ! This effectively locks in a "permanent supply vacuum" worth billions of dollars.
The chairman of the Ethereum treasury company has declared not only a holding close to 4% of the total supply but, more crucially, has made a commitment to "never sell." If these ETH are staked, it is expected to generate over $1 million in net income daily.
💥 Why is this nuclear-level news?
This is far beyond just "whales hoarding." It means that nearly 4% of the circulating ETH supply in the market could be permanently "locked up." This is exacerbating Ethereum's epic "supply shock."
Three major forces shaping the "supply vacuum":
1. Institutional treasury hoarding: Digital asset treasuries like Bitmine have accumulated huge amounts of ETH, intending to hold long-term.
2. ETF massive accumulation: The U.S. spot ETH ETF has already secured about 5.6% of the total supply of ETH.
3. Staking lock-up: Over 30% of ETH is staked, and due to the exit queue mechanism, most liquidity is restricted.
🚀 What does this mean for the market?
When "diamond hands" institutions that never sell encounter continuous buying from ETFs and natural lock-up from staking, the circulating ETH is becoming unprecedentedly scarce. Analysts point out that when surging demand meets such shrinking supply, price increases could be "nuclear explosive."
Although there is short-term selling pressure from stakers taking profits, these sell-offs have proven to be easily absorbed compared to the massive institutional demand. Bitmine's "never sell" declaration has added fuel to the fire of this supply tightening.
👉 Friends, when nearly 10% of the supply is locked up by institutional treasuries and ETFs, and giants announce permanent holdings, how high do you think the "scarcity narrative" of ETH will be pushed?
