On September 30, Ethereum’s Age Consumed metric reached approximately 580 million token-days, roughly nine times the September daily average and the highest level since June 2, according to Santiment Intelligence. Paradoxically, exchange supply increased by only 18,000 ETH before dropping by 21,000 ETH the next day, a negligible amount compared to the 5.9 million coins held on trading platforms. This small increase contrasts sharply with June 2, when exchange balances soared by more than 140,000 ETH during the last metric spike. Santiment analysts believe this massive movement likely reflects wallet reorganization rather than outright selling, especially since ETH is currently struggling to hold the $2,700 level.
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