Ethereum is experiencing a significant uptick in trader interest following the recent conclusion of the SEC’s investigation into the cryptocurrency.
Adding to the excitement, Pantera Capital has announced plans to purchase $100 million worth of Ethereum.
📊 The coins seeing the largest rise in trader interest right now are:
👍 Ethereum: SEC ending Ethereum investigation, Pantera Capital's plan to purchase $100 million worth of Ethereum
🇺🇸 Donald J. Trump: Martin Shkreli admitting to co-creating the token with Barron Trump pic.twitter.com/38OgDTRNki
— Santiment (@santimentfeed) June 20, 2024
A prominent trader, who claims to be “the smartest money,” recently withdrew 6,127 ETH, valued at $21.7 million, from Binance.
This trader has amassed approximately $20 million in profits from Ethereum trading over the past two years. However, history shows that he has often moved his Ethereum holdings back to Binance in panic during price drops.
The guy who calls himself the smartest money withdrew 6,127 $ETH($21.7M) from #Binance today.
He made ~$20M profit from trading $ETH in the past 2 years.
But he has many times deposited $ETH to #Binance in panic after the price dropped.https://t.co/NFYoqfzA0U pic.twitter.com/QW0LZWOidJ
— Lookonchain (@lookonchain) June 20, 2024
83.19% Of Ethereum Holders Are Currently In Profit
According to data from Intotheblock, 83.19% of Ethereum holders are currently in profit, placing Ethereum just behind Bitcoin in terms of profitable holders.
More than 89% of #Bitcoin holders are in profit!
-> According to @intotheblock's latest data, $BTC takes the top spot for cryptos ranked by the percentage of holders in profit
-> $ETH follows with 83.19%, $TRX with 82.07% and $PEPE with over 80%Check the rest below: pic.twitter.com/VohlK7GWkh
— CryptoPotato Official (@Crypto_Potato) June 20, 2024
Furthermore, 16.3% of all staked Ethereum is now being restaked in protocols such as Eigenlayer, Karak Network, and SymbioticFi, highlighting the ongoing confidence and interest in Ethereum-based staking solutions.
16.3% of all staked $ETH is currently being restaked in protocols like @eigenlayer, @Karak_Network and @symbioticfi pic.twitter.com/KarpItdoSx
— IntoTheBlock (@intotheblock) June 20, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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