The leading Ethereum treasury bolstered its coffers significantly again last week.
After a strong weekend rally, many altcoins are pulling back – but XRP appears to be an exception, backed by a wave of whale accumulation that supports a bullish XRP price prediction . Over the past 8 days, large XRP wallets have added more than $758 million worth of tokens. According to Santiment , wallets holding between 10 and 100 million XRP increased their combined holdings from 7.51 billion to 7.76 billion tokens – a notable 3.3% rise in a short timeframe. At the same time, XRP trading volumes have doubled in the past 24 hours , now reaching $7.5 billion , which is nearly 5% of the circulating supply . On Friday, volumes hit $10 billion as XRP briefly surged to $3.10 . While it pulled back from that level, the price reclaimed it on Sunday, showing resilience near this key resistance. The 1-hour chart shows strong selling pressure at the $3.10 zone, but with whales consistently buying below the $3 psychological threshold , momentum appears to be building for another breakout. With deep-pocketed investors positioning early, XRP may be gearing up for its next leg higher . XRP Price Prediction: Confirmed Breakout Above $3.4 Would Kick Off Rally to $10 The daily chart shows that XRP has been consolidating for months as the price has been bouncing up and down in a range between $2 and $3.4. Consolidation patterns occur after big moves like the rally we saw in November-January, triggered by President Donald Trump’s victory in the U.S. Presidential election and a favorable ruling that marked the beginning of the end of a long-standing legal case against Ripple. Market conditions are favorable at the time, as the current administration has pushed forward multiple supportive initiatives for the crypto industry, like the passing of the Genius Act. In this environment, Ripple’s vision of becoming the preferred decentralized solution for cross-border payments will keep making progress. The chart shows that a break above $3.4 could set in motion a massive rally toward $10 as it would confirm the continuation of the uptrend we saw during November-January. As altcoin season gathers steam, one presale is standing out from the crowd – Best Wallet Token. Best Wallet ($BEST) Raises More Than $15M and Could Explode After Listings Best Wallet Token ($BEST) has now raised over $15 million , and many believe it could be the next 10x gainer once listings go live. This isn’t just another crypto wallet project. Best Wallet is the first to integrate Fireblocks’ MPC-CMP security tech , making it one of the most secure non-custodial wallets on the market. It supports assets across more than 60 blockchains , offers low swap fees , and is packed with investor-focused features – including Upcoming Tokens , a powerful tool that gives users exclusive access to top presales before they hit the market. The sleek mobile app has earned strong ratings across both the Apple App Store and Google Play , thanks to its intuitive design and multi-wallet support. Why $BEST Has Real 10x Potential The $BEST token fuels the entire ecosystem, offering users: Governance rights , allowing holders to vote on key platform decisions Reduced transaction fees inside the wallet Stage 0 access to presales through the Upcoming Tokens page Higher staking rewards via Best Wallet’s staking aggregator To buy $BEST and reap the highest returns, simply head to the Best Wallet website and connect your wallet. If you don’t have one, you can download the Best Wallet app here . You can invest using ETH , USDT , or a bank card . Click Here to Participate in the Presale The post XRP Price Prediction: Whales Buy $758M in 8 Days – $10 XRP Run Now Officially Underway appeared first on Cryptonews .
XRP price is showing early-week weakness, trading near the hourly support at $2.92; a decisive close below $2.92 could trigger a drop toward $2.50–$2.70, while a hold above $3.00 would
Bitmine, chaired by market oracle Tom Lee, announced that it purchased more than $800 million worth of Etheruem (ETH) over the past week. In an official statement, the company reported that it had $8.82 billion in crypto and cash assets as of August 24. The company stated that it holds 1,713,899 Ethereum, 192 Bitcoin, and $562 million in cash, worth $4,808 per token. The company's holdings added more than 190,500 Ethereum, up $2.2 billion from the $6.6 billion reported the previous week. BitMine's cryptocurrency holdings rank it the number one Ethereum treasury firm and the second global crypto treasury firm after Strategy (MSTR), which holds 629,376 BTC worth $71 billion. BitMine President Tom Lee said: “Last week, BitMine increased its crypto and cash holdings by $2.2 billion to $8.8 billion. Last week, the company added more than 190,500 tokens, from 1.52 million tokens to 1.71 million tokens. This is the second straight week that BitMine has been able to raise capital from institutional investors at this pace, as it continues to support its goal of purchasing 5% of the ETH supply. At BitMine, we lead our crypto treasury competitors with the high trading liquidity of our shares.” As BitMine continues to purchase ETH to reach its Ethereum target, the company continues to receive support from a group of leading institutional investors, including Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. *This is not investment advice. Continue Reading: Ethereum's MicroStrategy Giant Purchased Large ETH Again Today! "Ethereum Maintains Its Leadership!"
HIVE Digital Technologies Ltd. announced it has crossed the 16 exahash per second (EH/s) mark in global Bitcoin hashpower, keeping momentum toward its ambitious 25 EH/s target by U.S. Thanksgiving. Bitcoin Miner HIVE Targets 25 EH/s, Stock Climbs 10% in 5 Days Since May, HIVE explained that this ramp-up has more than doubled the company’s
BitcoinWorld ETH Whale’s Strategic Move: Accumulates Staggering $2.55 Billion in Ethereum The cryptocurrency market is a dynamic landscape, constantly shaped by the actions of its largest players. Recently, a prominent investor, often referred to as an ETH whale , made a series of moves that sent ripples across the industry. This individual’s strategic decisions involved hundreds of millions in Ethereum, captivating observers and highlighting significant market conviction. What Just Happened? An ETH Whale’s Masterful Trade A longtime Bitcoin investor, now operating as a substantial ETH whale , executed a remarkable trade. They successfully closed 130,564 ETH long positions, valued at an impressive $612.6 million. This strategic move occurred at an average price of $4,692 per ETH. The investor secured a substantial profit of $42.5 million from these positions. Closing a "long position" simply means selling assets that were bought with the expectation their price would rise, effectively locking in gains. This demonstrates astute timing and market insight. However, the story does not end there. Immediately after securing these profits, the same investor turned their attention back to Ethereum, but with a different strategy. Why Did This Strategic ETH Whale Accumulate Billions? Following the profitable closure of their long positions, the ETH whale began a significant accumulation phase. This involved purchasing a substantial amount of Ethereum through spot trades. Initially, the investor bought 33,381 ETH in spot trades, totaling $155 million. This was merely the start of a much larger campaign. Over a concentrated period of just six days, this individual amassed a staggering total of 544,977 ETH. The total value of this new accumulation reached an astounding $2.55 billion. Such a massive acquisition signals a profound conviction in Ethereum’s long-term potential and future growth trajectory. What Does Staking This Massive ETH Whale Haul Mean for Ethereum’s Future? Perhaps the most telling aspect of this entire saga is the subsequent action taken by the ETH whale . The investor chose to stake the entire accumulated amount of Ethereum. Staking involves locking up cryptocurrency to support the operations and security of a blockchain network, particularly Ethereum’s Proof-of-Stake system. By staking, the investor earns rewards for contributing to network validation. More importantly, it signifies a deep, long-term commitment to the Ethereum ecosystem. This is not a short-term trade; it reflects a profound belief in the network’s stability and sustained value. This action also removes a significant amount of ETH from immediate market circulation, potentially influencing supply-demand dynamics and market stability. Decoding Whale Behavior: What Can We Learn from This ETH Whale ? Observing the actions of large investors, often termed "whales," offers valuable insights into broader market sentiment and potential trends. Their substantial capital allows them to make moves that can influence price, but these decisions are often backed by extensive research and strategic foresight. This particular ETH whale first capitalized on existing positions, securing significant profits. Then, they reinvested and committed a colossal sum to the network’s future through staking. This serves as a powerful example of: Active portfolio management and risk assessment. Strong conviction in a digital asset’s long-term value. Strategic engagement with blockchain technology, beyond mere trading. Understanding these behaviors can help smaller investors gauge market confidence and potentially inform their own strategies, though it is crucial to conduct personal research. The recent actions of this prominent ETH whale provide a fascinating glimpse into high-stakes crypto trading and long-term investment strategies. From securing massive profits to accumulating billions in Ethereum and then staking it all, this investor has demonstrated a profound belief in ETH’s enduring potential. Such significant moves often resonate throughout the crypto community, sparking discussions about market direction, investor confidence, and the evolving landscape of digital assets. Frequently Asked Questions (FAQs) What is an ETH whale ? An ETH whale is an individual or entity that holds a very large amount of Ethereum (ETH). Their substantial holdings mean their transactions can significantly impact market prices and sentiment. What are ETH long positions? ETH long positions refer to an investment strategy where a trader buys Ethereum with the expectation that its price will increase. If the price rises, they sell their ETH for a profit. Closing a long position means selling the ETH to realize those gains. Why would an investor stake such a large amount of ETH? An investor would stake a large amount of ETH to earn rewards (like interest) for helping secure the Ethereum network. More importantly, it signals a strong, long-term belief in Ethereum’s future and a commitment to its ecosystem, as the staked ETH is locked up for a period. How does whale activity affect the crypto market? Whale activity can significantly affect the crypto market due to the sheer volume of their transactions. Large purchases can drive prices up, while massive sales can cause prices to drop. Their moves are often watched closely as indicators of market sentiment and potential trends. Enjoyed this deep dive into significant crypto market movements? Share this article with your network on social media and let’s keep the conversation going! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action. This post ETH Whale’s Strategic Move: Accumulates Staggering $2.55 Billion in Ethereum first appeared on BitcoinWorld and is written by Editorial Team
Ethereum reaching $20,000 is a speculative but plausible scenario driven by increased institutional adoption, DeFi and NFT ecosystem growth, and the energy-efficient Proof-of-Stake Merge. If sentiment and capital inflows strengthen