Ethereum Is Running Out — $750M Flooded In As Treasury Buyers Locked Up 2% of Supply (Nobody’s Ready for What Comes Next)

Ethereum isn’t just another asset riding the broader crypto cycle. Right now, it’s at the center of a structural shift in demand that combines institutional inflows, balance-sheet accumulation by treasury companies, and the explosive growth of stablecoins. This trifecta is setting Ethereum up for something few assets ever experience: a true supply squeeze. And if history is any guide, that kind of setup can lead to parabolic moves that catch most investors flat-footed.

This report unpacks the data, the players behind the moves, and what it all means for investors looking ahead.