ETH Competitors Surge & Whale Wakes Up!

Meanwhile, while Ethereum fees drop, rival blockchains are seeing increased demand:

* Competitors like Tron and Solana recorded a 9% increase in network fees, indicating that capital and interest are shifting towards these competing platforms. E$BTC

Adding to the cautious sentiment, a significant risk factor emerged: $XRP

* A 'sleeping' ETH whale, dormant since 2015, transferred 40,000 ETH to a new address on December 1st; this move has raised concerns about a potential sell-off, further fueling market caution.

Is the fee shift permanent, and will this whale move be a headwind for $ETH ?

#Solana #Tron #WhaleAlert #EthereumRivals

XRP
XRPUSDT
2.2068
+1.91%
BTC
BTCUSDT
93,873.7
+2.27%
ETH
ETHUSDT
3,183.55
+5.74%