The Truth Behind This Ethereum Surge
In July, #Ethereum suddenly went crazy—a 60% increase in just one month.
Social media and social circles are buzzing: Is the bull market back? Should we all in?
Hold on, this wave isn’t a ‘crypto revival’ brought by technological breakthroughs, but a complete feast of capital. What truly drives the market is the collaboration of US stock ETFs and a group of Wall Street bigwigs.
Who is pushing up the price? It’s not retail investors, it’s Wall Street.
Blackstone directly scooped up 600,000 ETH, Bitmine simply bought 100,000, and established institutions like Pantera and Canter have been laying in wait for a long time.
On-chain activity hasn't changed, transaction fee revenues remain sluggish, but new buying pressure of 1.8 million ETH has forcibly driven the price up. The data tells us:
ETF: 1 million
US-listed companies: 300,000
Institutions and large holders: 400,000
Retail investors: only 100,000
This is a standard capital linkage script—
ETFs are responsible for compliant entry to absorb coins; listed companies are boosting market value and speculating on hotspots;
Pantera tells stories and creates narratives; Canter is good at legalizing gray stories;
Cathie Wood and the media are fanning the flames, ultimately handing this 'packaged capital product' to retail investors.
Wall Street’s ‘full bloom’ plan?
They’re not just focused on #ETH; #Solana is also at the table.
In July, SOL rose 65%, daily active users exceeded 1.6 million, meme coins exploded alongside, with a funding lineup highly overlapping with ETH, but with different strategies: ETH is driven by institutions, SOL is driven by users—one is building asset consensus, the other is boosting grassroots enthusiasm—Wall Street’s calculation is clear: dual-line blooming.
For old players like #BNB and #TRON, the business and ecosystem are not bad, but the biggest problem is the lack of a channel to ‘put coins into the pockets of US stock investors’. BNB has submitted an IPO prospectus to Nasdaq, and TRON is also working on a dividend mechanism. Whether they can join the Wall Street game in the future depends on whether the ETF can be realized.
This is the ‘crypto capital bull’
Capital inflow: ETFs, companies hoarding coins hitting new highs;
Policy direction: The stablecoin bill has passed, and if two key bills are approved, the policy environment will be fully opened;
Holding structure: Retail investors are being replaced by stable funds like pension funds and family offices.
