🟣 Ethereum Reaches the Giants of the Stock Market
📍 Ethereum’s market capitalization has surpassed $306 billion, overtaking Alibaba and Coca-Cola — a major symbolic milestone for the entire crypto industry: a decentralized protocol is now worth more than global corporations.
💰 The key driver — a purchase of 211,000 ETH worth $500 million by London-based Abraxas Capital.
Part of the funds (about $240 million in USDT) were borrowed via Aave and sent to Binance — the market expects further buying.
📊 ETH has broken above $2,600 — institutional activity is growing.
Investors are speculating about who’s behind the fund: Abraxas has previously been linked to Alameda Research addresses.
👉 Ethereum is increasingly becoming not just a technology, but a systemic asset of the next generation.