Crypto News

Ethereum’s Momentum Surges As Whale Activity And ETF Inflows Reach Record Highs

Ethereum is once again demonstrating the growth that cemented its position as the second-largest crypto asset by market cap, a title it has held consistently for nearly eight years.

Recent data reveals a surge in whale transactions, with key holders significantly ramping up activity—contributing to Ethereum’s recent 14-week high in trading momentum. Transaction volumes have surged to $10.4 billion in recent days, a strong indicator of heightened interest.

One of the most notable moves in the market comes from Justin Sun (@justinsuntron), who appears to be capitalizing on Ethereum’s latest rally.

Just 15 hours ago, Sun deposited 19,000 ETH (worth $60.83 million) to HTX at a price of $3,202 per ETH.

This deposit is part of a larger net acquisition of 392,474 ETH that Sun reportedly amassed across three wallets from February 8 to August 5.

With an average purchase price of $3,027 per ETH, his holdings represent an estimated cost of $1.19 billion, positioning him with a potential profit of $69.36 million—a gain of about 5.69%.

Ethereum’s Institutional Inflow Contributes To Growth 

The inflow of institutional funds is also adding to Ethereum’s growth. From November 4 to 8, Ethereum spot ETFs hit a record, with a net inflow of $154 million. BlackRock’s ETF ETHA led with $94.44 million, closely followed by Fidelity’s FETH ETF at $42.72 million, reflecting growing investor confidence in Ethereum as a long-term asset. This inflow has set a new weekly high for Ethereum-focused ETFs.

Ethereum’s recent momentum underscores the increased attention from both major stakeholders and institutional investors, signaling a promising outlook as the market continues to rally.

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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