BroadChain Financial reports that on June 13th, Ethereum saw a surge in demand according to Julio Moreno, the research director at CryptoQuant. The daily purchase volume from permanent holders reached a historic second-highest record of 298,000 Ethereum, valued at approximately $1.34 billion.
This daily purchase volume was only 6% lower than the record set on September 11, 2023, when permanent holders purchased 317,000 Ethereum as the price of Ethereum dropped below $1,600.