Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for long-term
Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred 100 million USDT to Binance, days after moving huge sums earlier this week. Justin Sun moves $100 million USDT to Binance | Source: Lookonchain
Ethereum has been exhibiting a robust and sustained upward trend, showing its mettle in the volatile cryptocurrency market. At the time of writing, the price of ETH was hovering around $3,743, surpassing its moving averages with considerable bullish momentum. The cryptocurrency community is now eagerly anticipating the breach of the significant $3,500 price threshold, marking
RippleX has announced that Chief Technology Officer (CTO), David Schwartz, will present Ripple’s blockchain strategy for 2024 at ETH Denver, with a focus on advancements in interoperability, the incorporation of Ethereum Virtual Machine (EVM) capabilities, and a strategic vision for Ripple’s blockchain initiatives. The presentation, scheduled for February 27 at 12:30 PM (GMT-7), is part
Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough. Ethereum Could Rise To As High As
Several crypto news outlets are reporting today that Ripple has been hit with a new class action lawsuit over its XRP sales. The backdrop is a newly published document which made the round on X (formerly Twitter). Fox Business journalist Eleanor Terrett stated, “I’ve been getting some messages about this class action lawsuit against Ripple
Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest. Institutions Favor Ethereum Over Bitcoin On February 24, cryptocurrency exchange, Bybit, published a research
According to data from Lookonchain, an on-chain analytics platform, Ethereum (ETH), whales have withdrawn roughly $64.2 million worth of ETH from major exchanges. This significant movement of funds coincides with a notable uptick in the price of ETH, indicating an increasing interest in the asset. Ethereum Whales Movement Signals Confidence According to Lookonchain’s findings, much
Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Here’s whether this run is sustainable based on futures market data. Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its
Crypto analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the imminent bull run. As part of his statements, he revealed the best time to go all in on the two largest crypto tokens by market cap, Bitcoin and Ethereum. “Last Great Opportunity For This Cycle” Rager opined in an X
PANDORA, the first token to use the Ethereum ERC-404 token standard, is on the move after slowing down for a few weeks. The token’s price saw a significant surge over the weekend, rising around 50% to clear $24,000 once more. This recovery was triggered by a number of factors, so here they are. Whales Set
Ripple has sparked the curiosity of members of the XRP community following a transaction involving its escrowed XRP tokens. Specifically, the timing of the transaction and the memo contained in it have caused these community members to ask questions about what could be happening. 400 Million XRP Unlocked From Ripple’s Escrow The on-chain analytics platform
The cryptocurrency community is abuzz with speculation after a series of large Ethereum (ETH) purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent. Justin Sun On An Alleged Massive Buying Spree According to a tweet by blockchain analytics firm Lookonchain, the suspected wallet recently acquired
Edo Farina is a prominent figure in the XRP community, known for serving as the Head of Social Adoption at XRPHealthcare and is the CEO of Alpha Lions Academy, has put forward a wild theory about the origins of Ripple and XRP. Farina’s extensive research into the origins of Ripple and XRP has unearthed a
After a prolonged period of weakness for a year and a half against the Bitcoin price, the Ethereum price is currently showing strength again and could be set for an explosive move, according to several renowned analysts. Ethereum/BTC Chart Is A ‘Stunner’ In an analysis of the ETH/BTC trading pair, renowned financial expert Raoul Pal
The price of Ethereum has been a joy to watch since the start of 2024, climbing by more than 30% in less than two months. The latest on-chain revelation suggests that ETH investors are approaching the market with more confidence, as the cryptocurrency’s price rally seems to be far from over. $2.4 Billion Worth Of
The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has expressed a favorable stance on the prospects of an XRP Exchange Traded Fund (ETF), emphasizing the likelihood of more cryptocurrency ETFs entering the market in the future. Ripple CEO Embraces XRP ETF Idea In a recent interview with Bloomberg Television, Garlinghouse shared insights on the
Ethereum has once again broken above the $3,000 level after previous attempts ended in failure as FOMO took over the investors. Ethereum Has Rallied 3% In Past Day To Break Back Above $3,000 Earlier, Ethereum had made two attempts at the $3,000 level, but both of them had turned out to be brief as the
In recent on-chain data from Spot On Chain, an Ethereum whale appears to have engaged in significant accumulation activity, sparking interest and speculation within the ETH community. According to the platform, the whale address in question has purchased a total of 64,501 ETH in the past three days, amounting to roughly $187 million at current market
A crypto investor, Fred Krueger, thinks Ethereum is overvalued at spot rates. Referring to X, Krueger added that Ethereum supporters are “detached from reality” after ETH, the native currency, recently broke above $3,000. The investor pointed to the general declining on-chain activity, fierce competition from alternatives like Solana and Avalanche, for instance, and regulatory uncertainty
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