Nasdaq institutions have locked up 340,000 ETH with real money. This is not just a slogan, but a heavy vote of confidence in the future of Ethereum with money!
Did you all see this? That guy called The Ether Machine, along with NASDAQ-listed company Dynamix (DYNX), and their subsidiary, The Ether Reserve, have made another move! This time, they bought 10,605 ETH at a price of $3,781! That's no small amount. The key is that they've been buying like crazy since the beginning of August, and now they have a total of 345,362 ETH locked up! That's worth over 9 billion RMB! Where did the money come from? It's the $97 million in cash raised from a previous private placement. Real money, plenty of ammunition! Moreover, they just bought $15,000 last week for Ethereum's 10th anniversary, and this week they bought over $10,000 again. The pace is like dropping dumplings, and there's no stopping them!
Brother Long believes this incident has a huge impact on the cryptocurrency world, especially ETH. Is it good or bad? Let's discuss it in detail:
When large investors lock up their holdings, the circulating supply shrinks. This is a hard truth! Think about it: over 340,000 ETH, bought by large investors, is locked up (stored and not sold). Doesn't this mean there's less ETH available for free trading in the market? It's like a big boss suddenly buying up half the premium cabbages at the market and storing them in a cold storage. Doesn't that mean there's less cabbage left to sell? If there's less supply, and the number of people who want it doesn't change, or increases, what do you think will happen to the price? This is called the upward shift of the "liquidity boom-bust line"! It provides real long-term support for the price of ETH.
Nasdaq's endorsement is of great significance! Why do we emphasize that it is a Nasdaq-listed company? Because it represents compliance, transparency, and strength! This is not some quack fund or a mysterious giant whale, but a legitimate, regulated, listed company using real money. This is equivalent to issuing a highly valuable "official certification" certificate of trust to the entire cryptocurrency industry, especially ETH! Case: This is like when Tesla announced its purchase of Bitcoin, which instantly gave the entire market a shot in the arm. Now Nasdaq continues to buy large quantities of ETH, with a similar effect, which can greatly boost market confidence and attract more "regular forces" to look at ETH.
With the cost price as a bottom line, there's more peace of mind! They bought at $3,781 this time, and combined with their previous purchases, their average cost must be quite high. With so much money invested in ETH, do you think they'd let it fall below their cost price so easily? They certainly wouldn't! Therefore, around $3,800, a "psychological cost support zone" has formed, created by institutional investors' hard-earned cash. When the market plummets, doesn't it feel more stable to think about the cost price support of so many large investors?
Sending a strong signal: optimistic about ETH in the long term! They clearly said that this is part of the "long-term accumulation strategy". It is not short-term speculation, but a determination to hold ETH for a long time. The signal sent is very clear: these professional institutions believe that ETH, as the core infrastructure of the blockchain, has its long-term value seriously underestimated, and now is a good time to stock up! This is an important reference for our retail investors' research direction and currency holding mentality.
As whales continue to enter the market, ETH's circulating supply is quietly tightening... Are they preemptively locking up the fuel for the next market rally? Follow Brother Long to closely monitor the movements of whales and seize golden opportunities in the ETH ecosystem! Opportunities only come to those who are prepared!
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