According to ViewBase, some 26,768,260 ETH is currently on exchanges, which is roughly 23.6% of the total, estimated at some $10.3 billion at the current pricing of the currency.
Ten centralised exchanges claim the majority of all tokens, in fact over 26 million of them.
Coinbase is clearly leading the way here with 8,521,807 ETH with the rest trickling down to other exchanges as it were.
Having so many ETH on exchanges could mean that there aren't enough new buyers.
Usually, when a cryptocurrency exchange volume is low, it means that buyers have been buying them up to move into cold storage instead.
So, what is happening with Ethereum? According to Glassnode, Ethereum gets 80,000 new addresses created each day as opposed to Bitcoin which is sporting some 480,000.
The difference is quite significant, and it exemplifies interest in both currencies.
Clearly, users and the crypto community at large feel far more bullish when it comes to Bitcoin than they do about Ethereum.
Even then, moving more Ethereum in cold storage may be a good idea.
Meanwhile, the transaction speed for Ethereum has been increasing, giving would-be token holders an incentive to buy up the tokens.
Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.