June 27 (Cointime) - Over the past 24 hours, there has been a significant increase in volatility and trading volume for Ethereum (ETH). Large non-exchange addresses have been accumulating ETH, reaching an all-time high of 33.6 million ETH.

Despite the increase in trading activity, the supply on exchanges held by top addresses has been steadily declining. Additionally, staked ETH supply has outpaced supply on centralized exchanges, indicating that people are using ETH as an investment to earn yields.