ETH Drops 5% as Abraxas Capital Moves 36,520 Coins Amid $2.4B Options Expiry
Ethereum (ETH) is currently trading at $2,626.41 on Binance, with a 24-hour trading volume exceeding $26 billion and a price decrease of 5.31% from the previous day’s open of $2,773.74. The recent price decline follows significant on-chain activity, including a large transfer of 36,520 ETH by Abraxas Capital to an exchange and the closure of a highly leveraged ETH long position after substantial profits, both of which may have contributed to increased selling pressure. Despite bullish sentiment driven by institutional purchases such as Fidelity’s $25.7 million ETH acquisition, strong whale accumulation, and heightened options activity ahead of a $2.4 billion expiry, the market has seen short-term volatility as traders react to profit-taking and key resistance levels near $2,700.
XRP Holds Strong Institutional Backing Amid 4.15% Drop and Regulatory Uncertainty
XRP is currently trading at $2.2160 on Binance, with a 24-hour trading volume exceeding $2.4 billion, a market capitalization near $135 billion, and a 24-hour price decline of 4.15% from an open of $2.3119. The recent price decrease is primarily attributed to ongoing legal uncertainties surrounding Ripple’s case with the U.S. SEC, including the lack of public statements following the SEC’s latest closed meeting and persistent regulatory ambiguity. Despite this, institutional interest remains strong, highlighted by VivoPower’s $121 million XRP treasury strategy and Hyperscale Data’s $10 million planned acquisition, while developments such as the Dubai Land Department’s real estate tokenization on the XRP Ledger signal continued adoption and use case expansion.
Profit in Reverse: How One Trader Made $17M by Betting Against James Wynn
If there’s been a golden strategy in crypto trading lately, it’s simple: just do the opposite of James Wynn.
While the well-known whale behind wallet 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 (yes, that James Wynn) has hemorrhaged around $98 million in trading losses over the past week, another trader has quietly profited from his every move.
Meet wallet 0x225864AD63BA66272cD6bE3E65476A2EBA48c215 — the anti-Wynn. This smart money player has been counter-trading Wynn at nearly every turn:
When James Wynn goes long, 0x2258 goes short.
When Wynn goes short, 0x2258 flips long.
And the result? A staggering $17 million profit in just 7 days.
In a market where timing is everything, this counterplay is proving that sometimes the best alpha is found in doing the exact opposite.
#eyeonchain
#BinanceSquareFamily
🔥 $WCT /USDT Trade Setup (4H Chart)
Current Price: $1.3515 (+36.92%)
Direction: ✅ Bullish Continuation
Entry Zone: $1.35 (Current Market Price)
Targets:
🎯 TP1: $1.45
🎯 TP2: $1.62
🎯 TP3: $1.80
Stop Loss: Hold in spot & hold till near support ($1.08 zone)
Resistance Levels: $1.39, $1.50
Support Levels: $1.08, $0.89
Timeframe Insight: 4H breakout with strong bullish momentum
Indicator: SAR below price (supporting uptrend), volume rising, structure clean
Market Sentiment: High buying interest, strong OBV rise, Gainer tag
📊 Technical Analysis:
Trend: Strong uptrend confirmed by rising Parabolic SAR dots and consecutive green candles.
Volume: High volume confirms strength behind the move.
Breakout: Price broke above resistance near $1.25 and quickly rallied to $1.39, confirming a bullish breakout.
SAR (Parabolic): Support level from SAR currently around $1.08, acting as dynamic trailing stop.
Structure: Higher highs, higher lows textbook uptrend.
📈 Bullish or Bearish?
This coin is clearly in a bullish trend.
Unless there's sudden reversal confirmation (like a large bearish engulfing candle + volume drop), trend is expected to continue upward. Traders should trail profits as price nears resistance zones.
Buy And Take Profit $WCT
{future}(WCTUSDT)
🚨🔥 $ETH is Heating Up — Don’t Miss This Trading Opportunity! 🔥🚨
💰 Ethereum ($ETH ) Price Alert – Currently trading around $2,622 on Binance (30 May 2025)
📉 Short-Term Trend: Neutral to Bearish
📊 Timeframe: 4H Chart
📌 Indicators:
🔹 RSI: Nearing oversold — possible bounce ahead
🔹 MACD: Bearish crossover = downward momentum
🔹 Support Zones: $2,590 💪 | $2,500
🔹 Resistance Levels: $2,700 🚧 | $2,770
🧠 Trading Ideas:
🔻 SHORT Setup (if price breaks down): 🛑 Entry: Below $2,590
🎯 Target: $2,500
🔒 Stop Loss: $2,650
{future}(ETHUSDT)
🔼 LONG Setup (on bullish recovery): 🚀 Entry: Above $2,700
🎯 Target: $2,770
🔒 Stop Loss: $2,650
🧠 Sentiment: Market remains cautious 🧐 — traders are watching for a clear breakout or breakdown.
⚠️ Reminder: This is not financial advice. Always DYOR (Do Your Own Research) and manage your risk wisely! 📚💼
$ETH
Betting on L1 and L2 tokens is betting that tech won't progress meaningfully and you've suddenly discovered the optimal way to transact value.
It's also a bet that front ends which actually own the user will, for some reason, be loyal to your chain instead of grabbing as much value as they can for themselves.
Users will have no idea what chains their assets are sitting on for the most part, this is a good thing for regulation and compliance, it makes checking the solvency of financial products much easier and independently possible.
CLOBs are theoretically optimal ways to transact, fundamentally different bet.
When ICO Titans Cash Out: Two Ethereum OGs Team Up for a $4.1M Sell-Off
In a rare synchronized move, two of #Ethereum ’s earliest and most legendary whales just made headlines again — this time, by offloading a combined $4.1 million in $ETH to centralized exchanges.
First up: the “1 Million ETH ICO Whale”, wallet 0xC8d6C156c13AC68ADA3f03B80fc201ae4867A57d, deposited 959.69 ETH to OKX about 5 hours ago, worth $2.54 million. Despite the move, he’s still sitting on a hefty 50,704 ETH stash — roughly $132 million — all acquired at an insanely low $0.31 per ETH.
Just two hours later, another OG moved in: the “100K #ETH 2015 ICO Whale”, wallet 0x0bEC656cF316566555A7718571a2e7c19450ECDf, sent 587 ETH (worth $1.56 million) to Kraken. Since March 13, 2025, this address has sold 14,398 ETH for around $28.47 million, averaging a sale price of $1,977.
These strategic sells from early Ethereum investors are a sharp reminder: when the real old money moves, the market listens.
Would the Ethereum of today [proof of stake, i.e. lightly inflationary but mostly rebasing, with inflation rewards going to holders, with most payment activity happening using fiat-backed stablecoins] have been adopted in a parallel universe where Bitcoin [a 'hard' money system where tokens only are created only through demonstrably large amounts of work via trapdoor functions, and that intentionally only serves as a payment network on its own currency] had not been created?
To what extent did we need to see how Bitcoin solved for decentralization and censorship-resistance, as well as the quirks and extreme costs, in order for the Ethereum construction to feel familiar but better?