Whales are scrambling to buy, ETFs are raking in cash, and policy announcements are frequently released...

—ETH is undergoing a "power transition."

Over 200 new whale addresses have been added in the past month. A mysterious fund has swept up nearly 80,000 $ETH in three days, spending $280 million! BlackRock led the buying, and ETH spot ETFs raked in $1.7 billion in ten days, with holdings surging 40% and rapidly concentrating.

The SEC and the White House have successively signaled the need for "on-chainization." ETH is evolving from a crypto asset to a financial foundation on Wall Street. Retail investors are being shaken out, while institutions are frantically buying.

This round of turnover has only just begun. ETH may be the anchor of the next financial era.