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
Caribbean Prepares for Hurricane as Geopolitical Strains and Reductions in Food Assistance Loom
- Hurricane Melissa, a Category 4 storm, threatens Jamaica with catastrophic flooding and landslides as it intensifies before landfall. - U.S.-Trinidad military drills face Venezuela's "false-flag" accusations, highlighting regional tensions amid natural disaster preparations. - Trump administration's Nov. 1 food aid cuts draw bipartisan criticism, forcing states to redirect SNAP recipients amid hurricane supply chain risks. - U.S.-China trade talks aim to avoid tariffs over rare earths, while Canada faces

Bitchat's Bluetooth system remains robust while hurricanes severely damage Jamaica's infrastructure
- Bitchat, a Bluetooth-based decentralized messaging app, became Jamaica's second-most downloaded app as Hurricane Melissa crippled infrastructure with 185-mph winds. - The storm killed 30+ people across the Caribbean, including 23 in Haiti, while the app enabled encrypted communication during power outages and flooding. - Bitchat's surge mirrored crisis adoption in Nepal, Indonesia, and Madagascar, highlighting its utility in disaster zones with decentralized, censorship-resistant networks. - The Trump ad

MoonBull's Scarcity Approach Surpasses TON, LINK's Lackluster Progress
- MoonBull's presale raised $450k from 1,500+ investors, projecting 9,256% returns if tokens hit $0.00616. - Outpaces stagnant TON and LINK amid market volatility, leveraging 23-stage pricing and 95% APY staking. - Mobunomics allocates 73.2B tokens with 50% presale scarcity and 11% referral incentives to boost adoption. - Meme-driven narrative combines viral marketing with utility, attracting both retail and institutional investors. - Stage 5 marks final entry before listing, with escalating prices and lim

HBAR ETF Gets Green Light, But Convincing Altcoin Doubters Remains Challenging
- Hedera's HBAR token dropped 6% post-ETF approval, contrasting with Solana's $56M debut volume. - The $8M HBAR ETF launch highlights altcoin market skepticism despite regulatory progress and institutional backing. - Technical indicators like death cross and declining on-chain metrics signal bearish momentum for HBAR. - Analysts note ETFs provide regulated institutional access, though broader crypto volatility and SEC delays dampen immediate adoption. - Hedera's enterprise partnerships and USDC growth on i
