Ethereum News Update: Major Ethereum Holders Amass $898M While Solana Investors Spread $93M, Underscoring Market Differences
- Ethereum whales accumulated $898M in ETH since October, contrasting Solana's $93M outflows to Binance, signaling diverging institutional interest. - Bitcoin whales profited $6.6M from short positions, reflecting volatile crypto markets amid macroeconomic uncertainty and ETF outflows. - Ethereum's 6% price surge and whale repurchases suggest renewed institutional confidence, driven by smart contract adoption and upcoming Fusaka upgrades. - Analysts highlight Ethereum's superior liquidity and infrastructur
An increase in
Institutional interest in Ethereum has accelerated, with companies such as SharpLink and Bitmine Immersion Technologies acquiring 203,826 ETH and 19,271 ETH, respectively. Their combined ETH holdings now total $866.9 million at current market value, as reported by Coinotag. These acquisitions reflect a broader pattern of treasury inflows and enhanced liquidity, which Jamie Elkaleh, CMO of Bitget Wallet, attributes to Ethereum’s “advanced smart contract features and increasing enterprise use.” The network’s price stability—up 1.2% to $3,882—sets it apart from
The differing actions of large holders reflect broader market attitudes. Since mid-October, Ethereum whales have accumulated a net 218,470 ETH ($870 million), reversing a previous outflow of 1.36 million ETH, as detailed in a
Meanwhile, Bitcoin’s market has seen opportunistic moves. One whale closed a 1,107
Technical signals for Ethereum also point to
The Ethereum Foundation’s internal transfer of 160,000 ETH ($596 million) further demonstrates institutional faith, coinciding with the network’s price recovery above $4,000. Upcoming improvements like the Fusaka hard fork on October 28 are expected to boost scalability, strengthening Ethereum’s role in DeFi and real-world asset tokenization.
As the market moves within narrow ranges and speculative trades, whale activity continues to serve as a key indicator. While Ethereum’s accumulation and technical patterns suggest further gains, Solana’s recent sales and Bitcoin’s short-term swings highlight the fragmented nature of institutional crypto investment. Observers are encouraged to keep an eye on blockchain data and macroeconomic trends for additional insight.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid News Today: Doubts from Investors Cause Sharp Drop in AI Shares as Profits Fall Short of Justifying High Valuations
- AI sector stocks plummeted as investors questioned valuations despite strong Q3 earnings from Nvidia ($57B revenue) and AMD , with Nasdaq down 2.2%. - C3.ai faced 5%+ stock declines and 19% YoY revenue drop, deepening partnerships with Microsoft cloud to streamline enterprise AI deployment. - Decentralized platforms like CUDOS Intercloud gained traction, offering cost-effective GPU access via vetted data centers and smart contracts. - Sector struggles with sustainability of valuations, leadership changes

Zcash (ZEC) To Dip Further? Key Breakdown Signals Potential Downside Move

Pepe (PEPE) Testing Crucial Support Post-Breakdown — Can a Retest Move Halt the Downtrend?

Bitcoin Updates Today: Bitcoin Declines While Altcoins Show Strength: Different Trends Suggest Market Recovery
- Bitcoin's prolonged slump below $90,000 contrasts with altcoin resilience as ETF outflows and fading Fed rate-cut hopes drive market correction. - On-chain data shows retail capitulation and subdued whale activity, historically signaling potential rebounds amid oversold technical indicators. - Institutional adoption and tokenized assets sustain long-term crypto optimism despite short-term volatility and unrealized losses in digital treasuries. - Diverging investor behavior highlights altcoin utility-driv
