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Ethereum co-founder shifts focus to Ether as store of value amid Bitmine's large ETH accumulation.

Market News
10 Nov 2026, 17:21 WIB
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Ethereum co-founder shifts focus to Ether as store of value amid Bitmine's large ETH accumulation.

Ethereum co-founder Vitalik Buterin emphasized Ether's role as a store of value rather than relying on fee burning for scarcity. Bitmine, the largest listed Ether holder, now owns nearly 5% of all Ether, staking most of it to earn rewards. Despite this, Ether's price has declined recently due to significant outflows from US funds and market liquidations. The long-term outlook hinges on network resilience and institutional adoption, but short-term price pressure remains.

Ethereum (ETH) is trading at Rp37.228.925 on Pluang, down 3.36% in the last day. As of Nov 10, 2026 22:32 WIB, the market shows a 31% sell and 69% buy order split, with typical holders keeping ETH for about 109 days.

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