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Ethereum Exchange Supply Has Fallen 37% Post Merge

On-chain data from Santiment shows the Ethereum supply on exchanges has dropped by 37% since the Merge in September last year.

As per the on-chain analytics firm Santiment, ETH continuing to leave exchanges can be good news for the cryptocurrency. The “supply on exchanges” is an indicator that measures the total amount of Ethereum that’s currently sitting in the wallets of all centralized exchanges.

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