A wallet is “out-of-the-money” when the current price of Ether is lower than the average price at which coins were sent to that address over the past
Ether is currently trading at $131, a 90% drop from its all-time high of $1,431 in January 2018. Over 31 million Ether wallets have acquired coins at an average price higher than the coin’s current market value. Only 8% of ether addresses are in-the-money, but these addresses hold over 30% of the total coin supply.
"Ethereum has consistently missed deadlines for protocol upgrades," said Connor Abendschein, research analyst at Digital Assets Data, to CoinDesk. “Ethereum 2.0 was supposed to have already gone into effect earlier this year, and it still hasn’t gone through."