PEPE Whale Shifts Focus To Ethereum As ETF Optimism Builds
Release: 2024/06/28 20:54 Reading: 291
- Original author：Coingape News Media
- Original source：https://coingape.com/?p=204899
On-Chain Insights Reveal Whale's Shift to ETH Amid Ethereum ETF Anticipation
Recent on-chain data analysis shows a significant fund transfer by a crypto whale from PEPE to ETH. This transfer, amounting to 1.4 trillion PEPE ($18.01 million), coincides with growing optimism surrounding the potential launch of an Ethereum ETF.
Whale's Strategic Investment
Data from EmberCN indicates that the whale (address 0x837) transferred 1.4 trillion PEPE to Binance. Subsequently, a withdrawal of 2,646 ETH ($9.04 million) occurred from the same exchange. The ETH acquisition occurred at an average price of $3,416.
Positive Market Sentiment for ETH
The whale's accumulation of ETH aligns with the optimistic market sentiment for the cryptocurrency. Eight companies, including BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco, have filed S-1 amendment filings for an Ethereum ETF.
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