Seeing $KERNEL listed on Upbit, it has surged over 20 points
Let me share my thoughts,
1: Currently, the market capitalization of $KERNEL is 30 million USD. Now, the coins listed on Binance and Upbit are selling for around 20 million. Moreover, $KERNEL is a new coin from April, which clearly indicates that its market value is seriously underestimated,
2: This project has raised 10 million USD, and the VC valuation is around 90 million. Institutions such as Binance, DWF, Laser Digital, and more than a dozen others have invested. With a current market cap of 30 million USD, it means the VCs are currently losing their shirts; without a price surge, there is nothing to gain!
3: Project background: In the staking sector, currently, the staking market is lukewarm. However, during a rampant altcoin bull market, the staking sector can see several times the surge. The only reason is that only by locking up tokens can the project have a more powerful price rally!
In fact, Ethereum has never been absent in every market cycle. Looking back at the past few waves, 2020 was DeFi, 2023 was the first inscription, and 2024 is the meme of SOL. Now we are in RWA and AI!
The reason for this situation mainly comes from the lag of institutions and major players. Hot money tends to rush into illiquid assets first, quickly driving up prices and creating a FOMO effect in designated tracks. However, for large funds, they need to consider the environment and the future recognition of the market, which usually reacts a bit slower than the market.
In every market rotation back to Ethereum, some interesting phenomena occur, such as OGs and whales starting to frequently transfer large amounts of ETH from the chain to Web3 wallets, as they are actually transferring it to institutions interested in Ethereum!
After looking at the RIVER statistics, the changes in Bitcoin holdings for 2025 are as follows: 55678052619 Enterprises and institutions increased by +157,000 bitcoins
ETFs and funds increased by +47,000 bitcoins
Other organizations increased by +21,000 bitcoins
Government organizations increased by +19,000 bitcoins
Retail individuals decreased by -240,000 bitcoins
This means that this year, Bitcoin (ranging from 90,000 to 74,000 up to 100,000) was washed out entirely from retail individuals, totaling 240,000 bitcoins. 55678052619
It has been three months since the halving of Bitcoin. At present, Bitcoin has risen from 880 to about 3500, which is a little short of the new high of 4868. Doesn’t it look very unimpressive? But according to our big cycle strategy, we look at the rhythm of past cycles to infer future trends.
Let’s look at the last cycle. August 11, 2020 was three months after the halving of Bitcoin in the last cycle. At that time, Bitcoin’s price was: 379, which was far from the previous high of 1440. Therefore, the current rhythm is already very good. This bull market performance has exceeded the previous cycle. Continue to look forward to the next trend! After all, Bitcoin already has an ETF, and the future is promising, a huge pump!
Many people don’t understand: What does Ethereum’s liquidity re-staking agreement TVL mean? Let me explain it to you! Liquidity re-staking agreement: Traditional staking mechanisms usually require assets to be locked to ensure the security of the network. ReStaking allows pledgers to re-stake pledged assets to other blockchains or protocols, thereby achieving multiple uses of the same asset and improving the efficiency of capital use) In simple terms, it is a sum of money to obtain multiple pledge income.
In layman’s terms, loans, mortgages and re-loans are used to improve the utilization rate of funds. So what does the reduction of ETH’s re-staking agreement mean? Simply put, everyone is not optimistic about re-staking, and thinks that the risks are higher than the profits, so they have withdrawn liquidity! ! !