Bitcoin Whale Turns To Ethereum, Drives $3.5 Billion In Crypto Transactions
Ethereum has been facing heightened volatility as the entire crypto market shifts into a new phase, one increasingly defined by capital rotation. For months, Bitcoin dominated the spotlight, with institutional flows and retail enthusiasm centered almost exclusively on the world’s largest cryptocurrency. Now, the tide is turning. Ethereum is emerging as the next major focus, […]
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The crypto market has now seen a much-needed recovery after weeks of flat market prices. Most digital assets in the space are currently in the green and Ethereum is no different. The second-largest cryptocurrency by market cap is up by more than 14% in the last 24 hours, plunging more investors into profit. Just like everyone else, a dormant whale has roused from their sleep to benefit from the current market recovery. Ethereum Whale Wakes Up Through the recovery that has rocked the crypto market, none has been more interesting than the ETH whale that has roused after more than 6 years of....
A Bitcoin whale has transferred approximately $4 billion worth of BTC into Ethereum, signaling a major shift in the crypto market. This sudden redirection of funds has sparked discussions about its implications for the future of both leading cryptocurrencies. With such a dramatic capital rotation, traders question whether Ethereum is poised to step into the […]
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In the report, Coingecko also observes that from the start of Q3, traded volumes on decentralized exchanges (dexs) grew much faster than those of centralized exchanges (cexs). For instance, in Q3, “the monthly average dex trading....
Polygon’s native coin MATIC continues to gain traction as the cryptocurrency experienced an impressive increase in whale transactions over the past 30 days, bolstering price growth for the digital asset and the ecosystem. Whale Activities Propels Polygon MATIC’s Growth Recently, Polygon MATIC’s whale transaction volume significantly increased over the past 30 days, which has sparked increased interest in the crypto asset. Whale transactions are classified as transactions that are over $100,000. Data from on-chain analytics firm IntoTheBlock has revealed a 3,800% increase....
While most of the crypto market seems to have entered panic mode, one Bitcoin whale has gone on an incredible buying spree. The very young whale has only been here for three months but it now boasts one of the largest BTC holdings in the industry. However, the question for now is, while this whale […]