Crypto News

Ethereum Sees Surge In Trader Interest Amid SEC Investigation Conclusion and Pantera Capital Investment

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.

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.

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.

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.

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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