Noticeable changes are occurring in the cryptocurrency market, where Ethereum is losing assets while Cardano attracts attention from major investors. This article examines current trends and movements among altcoins.
Decline of Ethereum: Losses of Major Wallets
Data indicates that since May, **the largest 100 Ethereum wallets have lost 2.9 million ETH**. This is a significant loss, decreasing the share of these addresses from **22% to 19.6%** of the total supply. Alphractal CEO Joao Wedson commented on these withdrawals: "*The 100 largest Ethereum addresses are continuously reducing their holdings. This could be a strategic repositioning*." Some analysts believe this disengagement is related to a saturation of Layer 2 solutions or the token's moderate performance, despite its price around **$3,740**.
Cardano on the Rise: Confident Investments
While Ethereum wallets lighten their holdings, Cardano wallets are accumulating ADA in massive amounts. According to on-chain data, **more than 120 million ADA have been accumulated over the past two weeks**. "*The 100 largest ADA addresses are accumulating daily, a sign of confidence and anticipation*", noted Joao Wedson. Moreover, **Grayscale has allocated 18.57% of its Smart Contract Fund to Cardano**, making ADA its third most favored crypto asset.
New Projects in the Crypto World: Remittix and More
Among the projects attracting attention is **Remittix**. This Ethereum-based token is gaining interest for its practical utility, offering **conversion of cryptocurrencies into fiat worldwide** with lower fees. **$17 million** has already been raised. At the same time, Solana is also intriguing the market, seeing a technical rebound from $131 to $148. The prevailing sentiment suggests that major investors are watching the developments closely without committing to any single project.
In light of the turbulent changes in the cryptocurrency industry, caution is advised. While Cardano shows growth and attracts interest, Ethereum continues to face challenges. It is crucial for investors to carefully track current trends and market shifts.
