- Ethereum whale from 2015 ICO moves 48,500 ETH (worth $154M) to the OKX exchange over the last month.
- The whale’s address (0xe1…0Ab7) still holds 15,600 ETH; it could control 682,000 ETH, valued at $1.756 billion.
- BeaverBuild deposits 5,550 ETH ($14.95M) into Binance and has moved 14,657 ETH ($39.83M) to Binance and OKX in the past year.
- Spot Bitcoin ETFs reach record inflows of $19.2 billion, showing strong institutional interest.
- Analysts predict Ethereum’s price could retest $3,000 if Bitcoin hits $66K-$67K.
In a significant development within the cryptocurrency world, an Ethereum whale originally participating in the 2015 ICO has made some noticeable moves of late. This whale, who acquired 1 million ETH at $0.311 during the ICO, transferred approximately 48,500 ETH to the OKX exchange worth nearly $154 million in the past month.”.
The funds were moved out from an address labeled 0xe1…0Ab7, which still has a sizeable 15,600 ETH. Interestingly, this address cluster would be able to control approximately 682,000 ETH, which at the current market rate will amount to almost $1.756 billion:
Adding to the flurry of activity, data from Lookonchain revealed that an entity known as BeaverBuild, notorious for its block building services, deposited 5,550 ETH, worth about $14.95 million, into Binance just two hours ago. In the last year, BeaverBuild has regularly transferred 14,657 ETH, valued at $39.83 million, to both Binance and OKX, evidencing a strategic approach toward liquidity management.
Meanwhile, institutional interest in the broader cryptocurrency market continues to surge, as evidenced by the net total flows into Spot Bitcoin ETFs, which have reached an all-time high of $19.2 billion. This trend suggests that institutions are capitalizing on current market conditions, while less confident investors, often referred to as “weak hands” are selling off their assets.
Analysts Predict Bullish Future for Ethereum
These developments have caught the attention of market analysts, who are increasingly optimistic about Ethereum’s price trajectory. A prominent crypto analyst, known as The CryptoMist, shared insights suggesting that if Bitcoin reaches its new target of $66,000 to $67,000, Ethereum is likely to retest its previous high above $3,000.
At the press time, Ethereum is changing hands at $2,678.26, with a 24-hour trading volume of $23.62 billion. The cryptocurrency commands a market cap of $321.76 billion and sustains a market dominance of 15.24%. Over the last 24 hours, ETH increased slightly by 2.07%, which is an indicator that optimism is growing in the market.
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