Price: $0.38389 -0.3167%
Market Cap: 56.39B 1.734%
Volume (24h): 8.06B 0.4%
Dominance: 1.734%
Price: $0.38389 -0.3167%
Market Cap: 56.39B 1.734%
Volume (24h): 8.06B 0.4%
Dominance: 1.734% 1.734%
  • Price: $0.38389 -0.3167%
  • Market Cap: 56.39B 1.734%
  • Volume (24h): 8.06B 0.4%
  • Dominance: 1.734% 1.734%
  • Price: $0.38389 -0.3167%
Home > Information news > Crypto Whales Heavily Loading Up on Ethereum, Accumulate $230,000,000 in ETH in One Week: Trader

Crypto Whales Heavily Loading Up on Ethereum, Accumulate $230,000,000 in ETH in One Week: Trader

Release: 2023/12/18 22:01 Reading: 350

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/658046fe5c69cf596e0de1bd

A closely followed analyst says that crypto whales have gobbled up hundreds of millions of dollars worth of top altcoin Ethereum (ETH) during the last seven days.

In a new thread, crypto strategist Ali Martinez tells his 36,100 followers on the social media platform X that deep-pocketed traders have accumulated tens of thousands of ETH over the past week.

“Some of the largest Ethereum whales have been on a buying spree, scooping up over 100,000 ETH in just the past week – that’s a whopping $230 million!”

Ethereum is trading for $2,171 at time of writing.

Moving on to dog-themed meme asset Shiba Inu (SHIB), Martinez notes that the Dogecoin (DOGE) rival appears to be on the cusp of a rally to the upside after breaking above its diagonal resistance.

“Shiba Inu is showing signs of breakout! If SHIB maintains the crucial support level at $0.0000103, the next stop for SHIB could be $0.0000140.”

SHIB is trading for $0.0000109 at time of writing.

Wrapping up his Analysis with the smart contract protocol Fantom (FTM), Martinez says that the altcoin is flashing a bullish signal as an uptrend in its network growth points toward higher demand for the token.

“The Fantom network is witnessing a bullish sign with a steady rise in new addresses, consistently making higher highs and higher lows. This uptrend in network growth suggests a surging demand for FTM. Such a spike in user interest could soon start reflecting in FTM’s price.”

Fantom is trading for $0.39 at time of writing.

Source: https://thebittimes.com/crypto-whales-heavily-loading-up-on-ethereum-accumulate-230-000-000-in-eth-in-one-week-trader-tbt74034.html

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