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
XRP News Today: With Trump Urging the Fed, Crypto Markets Consider Interest Rate Reductions and Market Fluctuations
- Trump's pressure on the Fed to cut rates intensifies crypto market speculation ahead of October 29 policy meeting. - Bitcoin shows resilience with $400M TVL growth, while XRP surges 88% on ETF launches and institutional demand. - Fed's dovish pivot could boost crypto via weaker dollar, but hawkish surprises risk pullbacks amid Trump-Xi summit uncertainty. - Institutional adoption accelerates with new ETFs and staking products, signaling broader crypto market legitimacy. - Trump's 4% GDP growth forecast a

Solana News Update: SEC's Staking Guidance Opens Door to $69.5M Solana ETF Inflows, Signaling a Change in Institutional Adoption
- Bitwise's BSOL ETF raised $69.5M on its NYSE debut, becoming the first U.S. spot Solana ETF offering 7% staking yields post-SEC PoS clarity. - BSOL outperformed rival SSK ($12M) by leveraging Solana's high-throughput blockchain and a 0.20% fee (waived initially), contrasting SSK's 0.75% expense ratio. - SEC's May 2024 guidance on non-securoty PoS activities enabled regulated staking products, accelerating institutional adoption of altcoin ETFs. - JPMorgan forecasts $3-8B in Solana/XRP ETF inflows within

Bitcoin Updates: Bitcoin Jumps as Institutional Investors Enter, Retail Traders Face Market Fluctuations
- Bitcoin surges past $113,000 as institutions boost holdings amid easing U.S.-China trade tensions and reduced tariff fears. - ZOOZ Strategy and Digital Commodities expand Bitcoin portfolios, emphasizing its role as a "resilient store of value" in long-term treasury strategies. - Retail platforms like Coinbase face volatility challenges, with analysts maintaining "Sell" ratings despite raised price targets. - Analysts split on Bitcoin's $120,000 potential, contrasting bullish projections with skepticism o

Ethereum Updates: ETHZilla Utilizes ETH Proceeds for Buybacks Amid Ongoing Crypto Community Discussion on Price Versus Value Risks
- ETHZilla sold $40M in ETH to fund buybacks, aiming to reduce its 30% stock-NETV discount by repurchasing undervalued shares. - Shareholder pressure from activist investor Semenikhin drove the strategy, aligning with industry trends seen at firms like SharpLink Gaming. - The move sparked debate: proponents highlight NAV boosts and short-covering, while critics warn of ETH price suppression risks. - ETHZilla retains $400M in ETH treasury post-sale, maintaining its position as a major public Ethereum holder
