Recently, there have been suspicions that Tron’s founder, Justin Sun, has been making significant purchases of Ethereum (ETH), resulting in a potential market recovery for the second-largest cryptocurrency by market cap. Wallet analyses have revealed that a mysterious wallet, believed to belong to Sun, has acquired a substantial amount of ETH from various exchanges since
Ethereum
The Ethereum Open Interest has been trading at lower levels recently, which could potentially have implications for the asset’s price. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric goes up, it indicates that investors are opening new positions on these platforms, leading to increased
Recent reports have indicated that a new Ethereum (ETH) whale has been actively purchasing large amounts of ETH since March 31. This whale, suspected to be Tron founder Justin Sun, has acquired over $405 million worth of ETH in a short period. The buying spree began with the withdrawal of $96.8 million stablecoins from Binance,
The crypto market, including Ethereum (ETH), has been experiencing increased volatility recently. Despite this, data from Coinglass indicates that most Ethereum investors and traders are still bullish on the crypto token. Many traders have continued to open long positions on Ethereum, showing that they are betting on it experiencing significant upward moves in the long
The cryptocurrency market has been witnessing a surge in Ethereum accumulation by investors recently. With Ethereum currently hovering around $3,170, investors have been strategically accumulating this crypto asset in anticipation of a potential price surge. On-chain data has revealed a noticeable accumulation trend among Ether investors, with over $500 million worth of ETH being withdrawn
The sudden increase in profitability of the Ethereum (ETH) blockchain in the first quarter of 2024 has raised eyebrows and sparked curiosity among investors and analysts. Not only has the price of ETH soared by nearly 100%, but the blockchain itself has generated a staggering $369 million in profits during this period. This unexpected windfall
Ethereum, the second-largest cryptocurrency in terms of market capitalization, has been experiencing significant fluctuations recently. The price of Ethereum plummeted to $2,800 on April 12, reflecting the overall downtrend in the cryptocurrency market. Despite this volatility, Ethereum whales, who are considered the giants of the crypto world, have been making strategic moves that have caught
In the midst of a market downturn within the cryptocurrency industry, Ethereum, a prominent player in the space, has not escaped unscathed. The recent price decline has sent ripples of anxiety throughout the market, exacerbated by escalating tensions in the Middle East. While retail investors frantically sell off their holdings in response to the downturn,
The excitement surrounding the potential introduction of spot Ethereum exchange-traded funds (ETFs) in the United States is facing a significant hurdle. Industry experts are becoming increasingly worried about the prospects of gaining regulatory approval from the Securities and Exchange Commission (SEC). The lack of communication from the SEC is causing anxiety among market players. Jan
