• 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

13 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 Analysts report that over $210 million worth of ETH has been withdrawn from exchanges by major investors, indicating growing interest in this asset.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

GENIUS Act: First Step Toward U.S. Stablecoin Regulation

chest

The upcoming passage of the GENIUS Act in the U.S. Congress promises to boost the legitimacy of stablecoins and increase institutional participation.

user avatarGiorgi Kostiuk

BlockDAG's Sports Deals Capture Attention with $335M Presale

chest

BlockDAG announces a substantial $335 million presale fueled by partnerships with the Seattle Seawolves and Orcas, intensifying interest in cryptocurrency.

user avatarGiorgi Kostiuk

Overview of BNB, XLM, and BlockDAG: New Horizons in the Crypto Realm

chest

Analyzing current trends of cryptocurrencies BNB, XLM, and the growth of BlockDAG with a focus on their development and future.

user avatarGiorgi Kostiuk

Pi Coin: Price Prediction for July 11 and Market Analysis

chest

Pi Coin price increased by 8% on July 11. An overview of key factors, resistance levels, and future predictions.

user avatarGiorgi Kostiuk

BlockDAG and Cryptocurrency Forecasts: UNI and DOGE in Focus

chest

Overview of current trends in the cryptocurrency market: UNI faces resistance, DOGE may rise, and BlockDAG draws attention ahead of its launch.

user avatarGiorgi Kostiuk

GMX Hack: $42 Million Loss and Trading Suspension

chest

GMX, a decentralized futures exchange, lost $42 million due to a security breach, leading to a drop in token prices.

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.