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#ETHMarketWatch holds $2,370 support, but whale activity warns of... 2min Read Dormant ETH whales resurface as price nears $2,800 resistance, testing market resilience. Posted: May 24, 2025/ Whale inflows jumped 50.89% in seven days, hinting at rising sell pressure. Ethereum held above $2,370 support, but a decisive close above $2,800 is needed to confirm bullish continuation. Two long-dormant Ethereum [ETH] whales have stirred the market by depositing 3,500 ETH, valued at over $9.3 million, into Kraken. One wallet had remained inactive for four years, while the other had shown no movement in ten months. These transactions mark a notable return of aged capital to exchanges, a pattern typically associated with distribution or profit-taking. While both wallets still control over 13,600 ETH, their sudden reactivation comes at a sensitive time as Ethereum consolidates just below major resistance.
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Active Currencies17197 Market Cap$3,506,814,895,143.70 Bitcoin Share60.95% 24h PEPE jumped 14% and became a top 5 gainer as the crypto market cap hit $3.5 trillion. Traders opened $15.94M in long positions near $0.00001611, showing conviction at key liquidation levels. Pepe [PEPE], the popular crypto memecoin, has been garnering significant attention from crypto enthusiasts following its recent performance and bullish price action. With a 14% upside rally, the memecoin has positioned itself among the top 5 gainers in the crypto market and has seen notable whale participation. Current market sentiment As of 23rd of May, the total crypto market cap rose by 4.53% to hit $3.5 trillion. Naturally, this broad rally lifted major altcoins, and PEPE capitalized on the momentum.
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