Ethereum Sees Big Whale Investment as Market Festers with Optimism
Ethereum is on the rise again, with a big whale buying 48,825 ETH for $127 million during a recent dip.This transaction took place at an average price of $2,605, signaling the investor’s belief in Ethereum’s future. The market is now trading near $2,547.
this isn’t the first time this investor has made a smart move, having earned $30 million in previous trades. Despite global unrest and over 242,000 ETH options expiring, causing market volatility, this buy boosted investor confidence. Now, the put-call ratio sits at 1.20, with $2,700 as a key pain point.
Analysts like Ted Pillows and MerlijnTrader predict a surge to $10,000 or even $11,000. Ted sees a pattern similar to Bitcoin’s post-2020 crash, while MerlijnTrader believes Ethereum is undervalued. Prices are currently between $2,400 and $2,750, with a potential breakout looming.
Meanwhile, bridge technology in DeFi is gaining traction. Pepeto is leading the charge, offering a zero-fee, multi-chain exchange with upcoming staking rewards up to 278% APY. A cross-chain bridge connects Ethereum, BNB, and Solana.
Wall Street Ponke is another project to watch. It features anti-whale AI bots, a crypto learning academy, and tools to monitor trading. With strong backing and a clear roadmap,memecoins are becoming practical investment opportunities.
