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

Whale Activity in Ethereum Hits Historic High

user avatar

by Giorgi Kostiuk

a year ago

Ethereum sees a surge in large investor activity, which could influence its market value.

Rise of Whale Activity and Its Implications

According to IntoTheBlock data, Ethereum's large transaction daily count surpassed 10,000, the highest since August. Transactions of over $100,000 may indicate buying or selling moves. Large sell-offs may lower ETH price, while consistent buying can push it higher.

Comeback of Spot Ethereum ETFs

Spot Ethereum ETFs are experiencing better inflows after underperformance. On November 13, Farside Investors data showed nine ETFs with a cumulative inflow of $146.9 million. Fidelity’s FETH led the inflow, followed by BlackRock and Bitwise. However, Grayscale ETHE saw outflows.

Analysis and Forecasts for Ethereum

Analysts suggest Ethereum could reach $3,500 soon if current trends continue. ETH has already surpassed the $3,000 mark for the first time since July of this year.

Increased whale activity could significantly affect Ethereum’s market dynamics, especially with renewed interest in spot ETFs.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arbitrum Security Council Takes Emergency Action to Freeze Funds Linked to KelpDAO Exploit

chest

The Arbitrum Security Council has taken emergency action to freeze 30,766 ETH linked to the KelpDAO exploit, following law enforcement input.

user avatarSon Min-ho

The Ultimate Hodl Story: A Journey to 1 Billion

chest

An investor turned a modest investment into a billion-dollar profit by holding onto Bitcoin through multiple bear markets.

user avatarAyman Ben Youssef

Strategy Finalizes Significant Bitcoin Purchase.

chest

Strategy has made a significant move in the cryptocurrency market by adding 34,164 BTC to its reserves, amounting to 254 billion.

user avatarNguyen Van Long

Crypto Analyst Predicts Major Shakeout in Altcoin Market

chest

Michael van de Poppe forecasts a significant decline in altcoins, likening it to the early internet bubble. He believes that 99% of altcoins are headed to zero, viewing this as a necessary cleanup rather than a collapse. Despite this stark prediction, he remains optimistic about the future of Bitcoin and Ethereum.

user avatarTando Nkube

LayerZero Faces Backlash Over KelpDAO Exploit Response

chest

LayerZero is facing backlash for its response to the $290 million KelpDAO exploit, blaming KelpDAO's verifier configuration while raising concerns about accountability and design flaws.

user avatarKofi Adjeman

Crypto Fear Greed Index Indicates Market Sentiment Shift

chest

The Crypto Fear Greed Index has climbed above 29 for the first time since January 29, indicating a shift from extreme fear to plain fear in the crypto market.

user avatarSatoshi Nakamura

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.