Over 60% of the total Bitcoin assets — or 11,580,00 BTC — have not moved in over a year, according to the conclusion of analyst Rhythm on Dec. 2.
Hodlers of last resort are insane,” Rhythm summarized.
Wallets of eight major cryptocurrency exchanges store almost 7% of the entire circulating supply of Bitcoin (BTC), according to Twitter account of The Token Analyst.
Estimated 1.2 million coins is held in the wallets of eight major exchanges, which were described as “the biggest HODLers.”
The word HODL was coined on BitcoinTalk on Dec. 18, 2013. Its author was a member named GameKyuubi, who created the thread “I AM HODLING”. Since then, writing this word with a mistake has become especially popular among crypto community.