The Ethereum Merge in September 2022 did not lead to the desired price increase that some miners were hoping to see, as thousands of ETH were dumped. This according to a graphic that displays how much of the cryptocurrency was held on blockchain addresses known to have mined them. When the bear market started in ***, several miners started to gather rewards of Ethereum as they were hoping prices would increase after the Merge. This did not happen, with several miners starting to sell their ETH and looking for other profitable Proof-of-Work cryptocurrencies.
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Website (OKLink). (September 22, 2022). Total number of Ethereum (ETH) held in balance on miner addresses September 2019 to September 21, 2022 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1334722/ethereum-held-by-miners/
Website (OKLink). "Total number of Ethereum (ETH) held in balance on miner addresses September 2019 to September 21, 2022." Chart. September 22, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1334722/ethereum-held-by-miners/
Website (OKLink). (2022). Total number of Ethereum (ETH) held in balance on miner addresses September 2019 to September 21, 2022. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1334722/ethereum-held-by-miners/
Website (OKLink). "Total Number of Ethereum (Eth) Held in Balance on Miner Addresses September 2019 to September 21, 2022." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Sep 2022, /statistics/1334722/ethereum-held-by-miners/
Website (OKLink), Total number of Ethereum (ETH) held in balance on miner addresses September 2019 to September 21, 2022 ÌÇÐÄÆƽâ°æ, /statistics/1334722/ethereum-held-by-miners/ (last visited July 20, 2026)
Total number of Ethereum (ETH) held in balance on miner addresses September 2019 to September 21, 2022 [Graph], Website (OKLink), September 22, 2022. [Online]. Available: /statistics/1334722/ethereum-held-by-miners/
