ethereum Gains Boost as whale Purchases $127 Million in ETH
Ethereum prices are rising, thanks to a big player in the crypto market. A crypto whale recently bought 48,825 ETH, valued at $127 million, at around $2,605 per coin. This large purchase happened when prices dipped slightly, signaling strong belief in Ethereum’s future.
The investor isn’t new to smart moves. They reportedly made $30 million from earlier ETH trades. Despite market volatility due to global events and option expiry, this whale’s action restored investor confidence. With the current put-call ratio at 1.20 and key resistance at $2,700, Ethereum may see a strong upward move soon.
Crypto experts predict Ethereum could soar to $10,000 or even $11,000. Analyst Ted Pillows notes four consecutive positive candles on ETH’s two-week chart, similar to Bitcoin’s behavior after the 2020 crash. Another analyst, MerlijnTrader, believes Ethereum is undervalued and a great buy.
Blockchain Bridges Enhance Crypto Connectivity
Blockchain bridges are making crypto more versatile. They allow smooth token transfers between various blockchains, like moving ETH to BNB or Solana.
- Easy swaps between ethereum, BNB, Solana, and others
- Options for centralized or decentralized bridges
- Access to multiple networks
Pepeto stands out with its zero-fee, multi-chain exchange. With a demo launch in two days, Pepeto aims to showcase its real product. It offers zero-fee listings for memecoins, a cross-chain bridge, and staking rewards up to 278% APY.
Wall Street Ponke is another promising project. It combines meme culture with real trading tools, including anti-whale AI bots and a crypto learning academy.
These projects show that memecoins are evolving into valuable assets with
