🏦 BitMine Goes All-In on ETH
BitMine Immersion Technology shocked the market by snapping up 106,485 ETH (worth ~$470M) in just 10 hours! The buying spree was executed through OTC deals, using big intermediaries like Galaxy Digital, FalconX, and BitGo. This move signals rising institutional appetite for Ethereum.$ETH
🐋 A Whale Joins the Party
Alongside BitMine, an unidentified crypto whale accumulated 92,899 ETH (~$412M) in only four days. Three fresh wallets were created, with huge transfers coming directly from Kraken. This looks less like a quick trade and more like a long-term holding strategy.
📈 Big Raises Fuel Bigger Bags
The race for crypto treasuries is heating up! BitMine is working on a $24.5B at-the-market stock offering, while SharpLink has already raised $389M to expand its crypto reserves. Institutions clearly see ETH as the golden ticket to future growth.
💡 Bold Price Predictions Ahead
Major banks are raising their bets! Standard Chartered has upgraded Ethereum’s 2025 price target from $4,000 to $7,500. And they didn’t stop there: forecasts now see ETH hitting $12K by 2026, $18K in 2027, and $25K in 2028. Talk about 🚀 moon vibes!
⚖️ Some Profit-Taking on the Side
Not everyone is just buying. The “7 Siblings” whale group sold 19,461 ETH (~$88M), while the Ethereum Foundation offloaded 2,795 ETH (~$12.7M). Despite these sales, the overall sentiment shows massive accumulation trends dominating the market.
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