Recent developments in the cryptocurrency market show a rise in large holders of Shiba Inu and the reawakening of dormant Ethereum wallets.
SHIB Whale Activity
Whales holding Shiba Inu (SHIB) have increased their holdings by 10.4 trillion coins during the recent price drop. This buying surge came alongside a breakout from consolidation on June 29, where trading volumes rose to nearly six times the daily average. The Shiba Inu whale action also matched an 'inside week' candle, known as an early signal of possible reversal.
Reactivation of ETH Wallets
Ethereum (ETH) price target discussions have intensified as long-inactive wallets from its 2014 ICO days become active again. One such address recently showed over $2.4 million in gains from an initial $310 buy. Analyst Cyclop expects ETH to reach $4,000 this summer, attributing it to stronger institutional participation, staking upgrades, and record-high short positions.
The Future of BlockDAG Buyer Battles
BlockDAG's Buyer Battles are gaining momentum daily because they aren’t just designed for big spenders. Each day, 150 million BDAG coins are available as rewards, allowing smaller participants to compete on equal footing with larger players. The current price at $0.0016 represents significant interest, with over $332 million raised and more than 23.6 billion coins sold.
Overall, Shiba Inu whale action reflects strategic accumulation, while the reactivation of old Ethereum wallets highlights potential price movements. In contrast, BlockDAG is creating unique opportunities for market participants by leveling the playing field.
