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Tom Lee: Ethereum supply has continued to deflate over the past year, with buying by crypto treasury companies and staking strengthening the trend.
PANews
May 12, 2026
#Crypto Stocks
ETH
-2.11%
MAG7.SSI
-0.41%
BMNR
+3.83%
On May 12, Fundstrat co-founder and BitMine chairman Tom Lee stated on the X platform that Ethereum's supply has been in a "deflationary" state over the past year.
He further noted that purchases and staking by Ethereum crypto treasury companies have further amplified this trend.
#GateSquareMayTradingShare #BitcoinVolatility #DailyPolymarketHotspot #DailyPolymarketHotspot