Cryptocurrency markets continue to attract the attention of major investors, known as whales. Recent events indicate that even amid price instability for Ethereum, buying activity remains strong.
BlackRock's Ethereum Purchase
BlackRock, one of the largest asset managers in the world, purchased 29,580 ETH for $77.1 million. This information was reported by Whale Insider, highlighting the growing interest of investors in this cryptocurrency.
Moreover, according to Ted Pillows, another whale made a purchase of Ethereum worth $283 million through OTC. Such whale activity could signal a potential price rebound for ETH.
Analyst Ash Crypto notes the formation of a classic Wyckoff accumulation pattern for Ethereum, suggesting rising buying pressure and the need to reclaim the key level of $3,100.
Cardano's Prospects
Cardano's price has consistently held around $0.66–0.68, indicating support. Analysts believe that if this level holds, the price could rise above $0.70. Lucky forecasts that Cardano might soar to $1.6 in the coming months.
Additionally, technical indicators show that bulls are gaining strength in the market.
Interest in Unilabs Finance ICO
Recent data reveals increasing whale interest in Unilabs Finance, a new DeFi project aimed at merging AI-powered asset management with token utility. Unilabs offers access to AI-managed investment funds, attracting the attention of large players in the market.
The UNIL token is currently trading at $0.0062 and has surged 22%, raising over $2.3 million. Analysts expect it could reach $0.05 by 2025.
Large cryptocurrency purchases and growing interest in new projects, such as Unilabs Finance, highlight active market sentiments. Despite price fluctuations, the interest of major investors could foster market recovery and growth.
