PANews reported on August 28 that according to CryptoISO analysis, Tom Lee currently reported holding 1.7 million ETH. If he wants to reach the goal of 5% of the supply, he needs to purchase an additional approximately 4.3 million ETH. At current prices, this transaction would cost approximately $19.5 billion, while this cost would drop to approximately $18.2 billion when the ETH price approaches $4,200. With an estimated daily ETH trading volume of $30 billion to $50 billion, the purchases would likely provide support to the price, even though they would be dispersed.PANews reported on August 28 that according to CryptoISO analysis, Tom Lee currently reported holding 1.7 million ETH. If he wants to reach the goal of 5% of the supply, he needs to purchase an additional approximately 4.3 million ETH. At current prices, this transaction would cost approximately $19.5 billion, while this cost would drop to approximately $18.2 billion when the ETH price approaches $4,200. With an estimated daily ETH trading volume of $30 billion to $50 billion, the purchases would likely provide support to the price, even though they would be dispersed.
Tom Lee may need to purchase an additional 4.3 million ETH to reach his target holding of 5% of Ethereum supply.
PANews reported on August 28 that according to CryptoISO analysis, Tom Lee currently reported holding 1.7 million ETH. If he wants to reach the goal of 5% of the supply, he needs to purchase an additional approximately 4.3 million ETH.
At current prices, this transaction would cost approximately $19.5 billion, while this cost would drop to approximately $18.2 billion when the ETH price approaches $4,200. With an estimated daily ETH trading volume of $30 billion to $50 billion, the purchases would likely provide support to the price, even though they would be dispersed.
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