#ETH Surged by 44%! A market cap of 300 billion dwarfs Alibaba and Coca-Cola, with institutions frantically scooping up 180,000 coins!

Family, this is explosive! Ethereum has once again made history! According to the latest data from 8marketcap, ETH's market cap has just surpassed the $300 billion mark, reaching $309.52 billion, with a 24-hour increase of 8.42%, leaving Alibaba ($303.72 billion) and Coca-Cola ($303.53 billion) behind, soaring to 39th place in global asset rankings! What does this mean? It’s equivalent to a virtual currency defeating two century-old giants; the era of cryptocurrency has truly arrived!

Institutions are frantically buying up, with 180,000 ETH being emptied!

Behind this surge, there is a super player frantically hoarding—Abraxas Capital! On-chain data shows that this institution has withdrawn 185,309 ETH from exchanges like Binance and Kraken in just three days, valued at nearly $400 million at current prices! That’s like burning $130 million a day in real money to buy coins, even more intense than money laundering in movies! What’s even more incredible is that they timed their buying perfectly when ETH was starting from $1800; it has now risen to $2600, netting them $150 million in just three days—this operation can be called a 'precise strike'!

Price soared by 44%, shorts were completely obliterated!

How exaggerated is ETH's rise? On May 8, it surged by 24% in a single day, breaking through $2400, and cumulatively rising by 40% within 72 hours, achieving the best three-day performance since 2019! The futures market was a bloodbath, with shorts being collectively 'slaughtered'—in just 48 hours, the amount of shorts liquidated reached $438 million, while longs were only $211 million, a clear 'massacre'! Open interest soared from $21.2 billion to $26.7 billion, and the financing rate skyrocketed to 0.15%, with longs completely blinded by greed!

Three major moves ignited the market—technology + policy + emotional resonance!

This surge is not accidental; three core factors directly ignited the fuse:

1. Technological upgrade bomb: The Pectra upgrade on May 7 introduced account abstraction (EIP-7702) and a higher staking limit, making it as convenient to use ETH as using Alipay, without the need to remember private keys! With the increase in the staking limit, more funds are flowing into PoS, directly enhancing network security!

2. Regulatory policies breaking the ice: The U.S. SEC has just concluded its investigation into ETH, clarifying that non-staked ETH is not a security, which clears the way for Ethereum spot ETFs. The market anticipates that once the ETF is launched, it will bring massive funds, directly mirroring the Bitcoin ETF's money-raising model!

3. Global trade is warming up: The signing of new trade agreements between the U.S. and the U.K., and the initiation of China-U.S. trade talks, have ignited global risk asset sentiment. As a highly elastic asset, cryptocurrency naturally becomes the first choice for capital inflow, and ETH, with its position as the 'king of smart contracts,' has become the biggest winner!

Next target: Tencent, Meta? Analysts predict $12,000!

ETH's market cap is now $309.5 billion, just a step away from Tencent ($320 billion) at 38th place, and surpassing Meta ($310 billion) is just a matter of time. Even crazier is that analyst Ted Pillows has directly predicted that ETH could rise to $12,000 in 2025! Reasons include:

- Institutions are fully entering the market: With the loosening of regulations in the U.S., giants like BlackRock may launch ETH index products, bringing massive amounts of incremental funds.

- Dominance of DeFi: ETH accounts for 80% of real-world assets (RWA) and 53% of DeFi locked value, with the ecological moat becoming deeper and deeper.

- Expectations of a Federal Reserve interest rate cut: A rate cut cycle may begin in 2025, with funds shifting from traditional markets to cryptocurrencies, and ETH, as 'digital silver,' will directly benefit!

The risks behind the celebration: Beware of pullbacks and view the situation rationally!

Although the market is booming, we must remain calm! ETH's RSI indicator is severely overbought, and profit-taking may occur in the short term. Moreover, whale holdings are highly concentrated; if Abraxas Capital suddenly sells off, it could trigger a crash. However, in the long term, with the implementation of Ethereum 2.0 sharding technology, network performance will improve 100 times, and it is expected to become the core of global financial infrastructure!

Family, the moment to witness history has arrived! ETH has achieved in three days what took traditional enterprises ten years to accomplish in market capitalization growth; this is the charm of cryptocurrency! But remember, investment always comes with risks and opportunities. Don't let a short-term surge cloud your judgment; hold on to your chips, and let's look forward to ETH's next milestone! 🚀$ETH