Ethereum

United

PEPE

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/ethereum-eth-surges-449-in-surprising-whale-activity-amid-market-dip" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> whales are making major moves on the crypto market, suggesting strong bullish sentiment despite short-term price volatility. According to crypto analyst Ali Martinez, these large investors have accumulated over 126,000 ETH in the last 48 hours, amounting to approximately $440 million.
In a tweet, <a href="https://x.com/ali_charts/status/1818697130627973625" rel="noopener noreferrer nofollow">Ali</a> wrote, "Ethereum whales have accumulated over 126,000 ETH in the last 48 hours, worth approximately $440 million."
<blockquote>
 Ethereum whales have accumulated over 126,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> in the last 48 hours, worth approximately $440 million! <a href="https://t.co/hwHU0fAcdc" rel="noopener noreferrer nofollow">pic.twitter.com/hwHU0fAcdc</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1818697130627973625?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2024</a>
</blockquote>
According to CryptoQuant CEO <a href="https://x.com/ki_young_ju/status/1818698827689267606" rel="noopener noreferrer nofollow">Ki Young Ju</a>, whales might be preparing for the next move on the market. Ju wrote in a tweet that "whales might be preparing for the next altcoin rally." He noted that the limit buy order volume for altcoins, excluding Bitcoin and Ethereum, is increasing, indicating that strong buy walls are being set up.
Ethereum's recent developments, including the recent launch of Ethereum spot ETFs in the United States, seem to have bolstered its appeal among large holders, known as crypto whales. Ethereum recently marked nine years since its inception, and as the ETH network continues to evolve, it is likely to attract more institutional interest.
According to data from Farside Investors, fund flows to U.S.-listed spot Ethereum exchange-traded funds shifted to a daily net positive for the first time since their inception on July 31, owing mostly to a decrease in outflows from the Grayscale Ethereum Trust.
<h2 id="ethereum-price-slips-as-market-sell-off-hits">Ethereum price slips as market sell-off hits</h2>
Bitcoin and Ethereum, along with the majority of other crypto assets, appear to be underperforming in Thursday's trading session.
According to CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">data</a>, the Bitcoin price was $64,034 at the time of writing, 2.77% lower than it was the previous day. The Ethereum price is down 4.21% from $3,175, where it was 24 hours ago. Several cryptocurrencies were posting larger losses; Solana's Dogwifhat was down 12% in the last 24 hours, and PEPE was down 7% in the same time frame.
According to CoinGlass, trailing prices have resulted in the liquidation of $225 million in derivatives contracts over the last day.&nbsp;

Ethereum (ETH) Whales Going Insanely Bullish: Details

Table of Contents

U_Today

Other articles published on Aug 1, 2024

How to Acquire Klaytn Coin?

Michael Saylor’s Company Continues Bitcoin Accumulation Despite Price Drop

Ethereum Spot ETFs Debut in U.S. Exchanges, Supported by Major Issuers

BlackRock Issues Urgent Warning Over Rising Crypto Scams Targeting ETF Investors

Riot Platforms Defies Bitcoin Halving, Posts Strong Q2 Earnings

Cryptocurrencies Experience Significant Losses as BTC Hovers Around $63,000

Join our free newsletter for daily crypto updates!