Ethereum (ETH) still sees the market vibrant with movement, underscored by whales making serious investments in the digital asset over the last 48 hours.
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Ethereum (ETH) still sees the market vibrant with movement, underscored by whales making serious investments in the digital asset over the last 48 hours. A heavy hitter, World Liberty Financial, recently plunked down $20 million for 3,001 ETH and 95 Wrapped Bitcoin (WBTC), in addition to its already sizable stash. Over the past five days, the fund has shelled out $210.9 million for Ethereum and WBTC. There seems to be no end to this whale activity, which is part of a larger trend that has seen Ethereum appreciating 107% over the past two years. As of January 2025, the asset had reached a value of $3,294.25. #Ethereum’un Geleceği! Ethereum, son iki yılda %107’lik etkileyici bir artışla 2025 Ocak itibarıyla 3.294,25 dolara ulaşarak dijital varlık piyasasında önemli bir ivme kazandı. Bu yükseliş yalnızca Ethereum’un kendisiyle sınırlı kalmadı; Grayscale Ethereum Trust da aynı dönemde… pic.twitter.com/jQPHmU8YWq — Baykuş (@KriptoBaykusV2) January 24, 2025 Institutional Interest and the Growth of Ethereum ETFs Ethereum’s market is not just picking up the pace with whales and institutional investors; its assets are gaining traction across the board. For example, Grayscale’s Ethereum Trust has rumbled up a cool 243% over the past two years—an impressive figure in such a turbulent market—which mirrors (and is slightly ahead of) the overall price performance of Ethereum itself. This means that not only is Ethereum being bought up, but also that investment vehicles built on top of Ethereum (like Grayscale’s Trust) are being increasingly seen as vehicles in which to place funds. At present, more than 3 million ETH are held by substantial institutional investors in Ethereum ETFs, a sign of their significant trust in the DeFi world. These really seem to be stable holdings, and not just because these investors are already underwater on their ETH positions (which is why they haven’t…
Filed under: News - @ January 25, 2025 11:12 pm