The balance of Ethereum Accumulation Addresses has surged by 60% from August to December, boosting their portion of ETH supply from 10% to 16%.
This increase in Ethereum HODL wallets' holdings is attributed to investors' bullish expectations of the incoming Donald Trump administration in the US.
The Accumulation Addresses are considered a measure of long-term investment and confidence in Ethereum.
Despite recent price falls, Ethereum remains positive in the long-term with a market cap of $401 billion.