• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Rises 7%: Active Buying Among Large Players Observed

user avatar

by Giorgi Kostiuk

8 hours ago


Over the past 24 hours, the price of Ethereum (ETH) increased by 7%. Major investors are withdrawing significant amounts in ETH from exchanges, highlighting interest in the asset.

Overview of the Ethereum Situation

During trading, Ethereum has experienced a sharp rise of 7%. Analysts report that over $210 million worth of ETH has been withdrawn from exchanges by major investors, indicating growing interest in this asset.

Institutional Investors Actively Buying Ethereum

One of the most notable moves involved **Abraxas Capital**, which withdrew **29,741 ETH** (~$81 million) from exchanges with an average purchase price of approximately $2,725 for ETH, suggesting a long-term holding strategy. Additionally, **Sharplink Gaming** added **5,072 ETH** worth **$13.5 million**, boosting its total holdings to **210,700 ETH**.

Influence of Hackers and Smart Money

An interesting trend is observed with hackers linked to **GMX** who converted nearly all their stolen funds into 11,700 ETH. This demonstrates that even dishonest actors recognize the value in ETH. Moreover, whale **0x8C08** made a dual purchase—acquiring approximately **$25 million** worth of ETH and additional **8,243 AAVE** tokens.

The rising interest among large investors and market activity could signal positive trends for Ethereum in the near future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Yapı Kredi Bank Introduces Cryptocurrency Trading Services in Turkey

chest

Yapı Kredi Bank officially announces the launch of a cryptocurrency trading platform, marking a significant development for Turkey's financial landscape.

user avatarGiorgi Kostiuk

Bitcoin Solaris Launches Nova App; BlockDAG’s X1 Miner Surpasses 2 Million Users

chest

Bitcoin Solaris launches Nova app, while BlockDAG's X1 miner has attracted 2 million users.

user avatarGiorgi Kostiuk

Bitcoin Hits Record High: New Peak at $113,700 Driven by Institutional Investments

chest

Bitcoin reached a new high of $113,700 due to institutional inflows and political factors.

user avatarGiorgi Kostiuk

Impact of US Dollar on Global Financial System in Q1 2023

chest

Exploring the factors affecting US Dollar reserves in Q1 2023 and their significance for the global economy.

user avatarGiorgi Kostiuk

Prospects of Solana and Success of Mutuum Finance in DeFi

chest

Solana is gaining momentum, approaching the $180 mark, while Mutuum Finance is successfully conducting its presale.

user avatarGiorgi Kostiuk

ChainCatcher Hosts Discussion on AI and Cryptocurrency Trends

chest

The ChainCatcher event focused on the synergy between AI and cryptocurrency, market impacts, and future trends.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.