Ethereum Whales Bag 100,000 ETH Amid Recent Dip, What’s Next?

Quick Summary:

Ethereum whales’ recent decision to accumulate heavily amid a recent price dip has reinforced bullish market sentiments surrounding the second-largest cryptocurrency by market cap.

On Friday, crypto analyst Ali Martinez revealed that the large investors, also known as whales, bought 100,000 ETH amid the token’s recent price volatility.

Ethereum co-founder and ConsenSys founder Joseph Lubin revealed on X that the massive purchase comes as the project looks to set up a DeFi business.

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Article Details

Category: Crypto

Markets: India

Topics: ETH whales Ethereum (ETH) Ethereum whales Altcoin News ETH price 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 09:30:18 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 25665654

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