Ethereum skyrockets past $4887 to hit a new high! On-chain transactions explode, altcoins are also booming, and big players are getting back in the game

Family, Ethereum has really exploded this time! It shot up to $4887.59, setting a new historical high! Not only has the price surged, but on-chain transactions are also booming, with various altcoins collectively gaining momentum, the 'altcoin season' has truly arrived!

As Ethereum breaks new highs, big players who may have been resting can’t help but return. According to Foresight News, Lookonchain has monitored that two players, AguilaTrades and JamesWynnReal, have returned to the market and started trading related to Ethereum.

Among them, AguilaTrades opened a short position of 220 ETH, which at the current price is worth about $1.03 million; while JamesWynnReal chose to go long, buying 29 ETH (about $137,000) and also acquiring 867,335 DOGE (about $200,000), with the two operations being completely opposite, leaving us wondering who will hit the market trend.

Additionally, there are many people discussing Musk-related 'puppy coins', with everyone guessing whether it will leverage Ethereum's popularity to become the next cryptocurrency to explode like SHIB, and many have already started keeping an eye on its movements!