Ethereum, the leading altcoin, surpassed the $3300 mark for the first time since February 1, hitting a peak of $3371. The rise in the number of holders and corporate adoption are contributing to this achievement.
Ethereum Trading Results
Earlier today, Ethereum reached the $3300 level on the Bitstamp exchange. The altcoin has significantly outperformed Bitcoin over the past two days, with the ETH/BTC pair soaring by 15%, surpassing 0.028 BTC, the highest level since February. According to CoinGlass data, more than $56 million in ETH shorts have been liquidated in the last four hours.
Record Holder Numbers
Analytics platform Santiment has noted that Ethereum holder numbers are breaking records, with over 152 million non-empty wallets on the network.
Corporate and Institutional Adoption
The corporate adoption narrative for Ethereum is gaining traction, with SharpLink emerging as the largest corporate holder of the altcoin, accumulating over 280,000 tokens. Additionally, spot Ethereum (ETH) exchange-traded funds continue to attract steady inflows.
Ethereum's rise above $3300 and record holder numbers indicate positive trends in the cryptocurrency world. Corporate adoption also contributes to strengthening Ethereum's position in the market.
