Bitcoin whales, or large tokens holders, sell more the first cryptocurrency in the world to obtain an exhibition at the Prix d’Ether.
This decision indicates that the “natural rotation” of the market in ether (ETH) and other altcoins with more upward potential, the research analyst of the Nansen crypto intelligence platform told Cointelegraph.
The growing rotation of investors’ capital occurred despite increasing concerns concerning the incoming sale pressure, due to the queue of the Ethereum validator reaching a summit of almost $ 5 billion in ETH tokens on Thursday, which pushed the withdrawal time to a record of 18 days and 16 hours.
Part of the changing investor Mindshare can be attributed to a massive whale of $ 11 billion, which turned more than $ 2.59 billion in Bitcoin (BTC) into an ether of $ 2.2 billion and a perpetual position of $ 577 million, Cointelegraph reported.
Crypto whales buy $ 456 million in Bitcoin “natural rotation”
Cryptocurrency whales, or large investors, buy hundreds of millions of ether, because analysts highlight an organic rotation of the spirit of investors towards altcoins with potential more upwards.
Nine “massive” whale addresses bought a cumulative value of $ 456 million in Bitgo and Galaxy Digital ether (ETH), said Arkham, the blockchain data platform in a post on Tuesday.
The growing demand for whales for the second largest cryptocurrency in the world signals the “natural rotation” of the market in ether and in other altcoins with a more upward potential, according to Nicolai SONDERGAAR, research analyst on the Nansen crypto intelligence platform.
“A large part of this looks like a natural rotation, investors locating the benefits of Bitcoin race and moving to other tokens to catch up on the rise,” said the analyst at Cointelegraph, adding:
“The ether in particular takes advantage of it because it has a strong current spirit and a momentum of the treasury ether societies.”
Although the recent movements of the ether of the whales are “notable”, the “broader trend is simply that flows spread beyond Bitcoin while market players are looking for the next movement,” said the analyst.
Continue to read
Ethereum Sorket The Fide Ende Records Record 5 billion dollars, increasing sales pressure problems
Ethereum sees the largest validator exodus in the history of the crypto, with more than a million ether tokens currently waiting to be removed from the milestone via the network of proof of implementation of Ethereum (POS).
Ethereum’s output queue has exceeded 1 million ether (ETH) worth $ 4.96 billion on Thursday. This marks the quantity of ether defined for the withdrawal by network validators, which are responsible for the addition of new blocks and the verification of transactions in proposed blocks, playing a vital role in the operation of the blockchain network.
The mass exodus has extended the waiting time to exit from the validator to a record of 18 days and 4 p.m., according to data from Blockchain de Validatorqueue.com.
Although this does not mean that all validators seek to sell their assets, a large part of almost $ 5 billion can be sold to lock profits, since ether has increased by 72% in the last three months.
“The queue queue striking 1 million Eth reflects a healthy market dynamic rather than a source of concern,” Marcin Kazmierczak, co-founder of Redstone Blockchain Oracchain Orachain Firm, told Cointelelelegraph, adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding
“What is crucial to understand is that these outings are pale in relation to the institutional capital which flows in Ethereum.”
The “unprecedented demand” of public vehicles such as cash companies and negotiated funds on the stock market means that sales of validators are “easily absorbed by this institutional appetite,” he said.
Continue to read
Blockchain tokenization prevents 394 million tonnes of CO₂ in an ESG effort of $ 32 billion
The Arx Veritas wealth tokenization platform and the Blubird tokenization infrastructure company use blockchain technology to prevent nearly 400 million tonnes of CO₂ emissions, marking a record for the tokenization industry of digital assets.
The two companies have tokenized $ 32 billion in programs reduction assets (ERA) on the Blubird Redbelly network, aimed at establishing a “new standard” for the financing and monitoring of sustainability efforts.
Tokenized assets include capped oil wells and coal mines, representing more than 394 million tonnes of prevented co₂ emissions, marking the most important tokenization effort on the environmental, social and governance framework (ESG).
The 394 million tonnes of prevented co₂ emissions are assigned to two sources: extraction, transformation, shipping and combustion of coal that would have been used, as well as pollutants prevented by the ceiling of abandoned oil wells.
The programs prevented are the equivalent of nearly 395 million round-trip flights from New York to London, or 986 billion kilometers driven by an average passenger car, or 105 times the annual CO₂ emissions from Iceland.
BlueBird notes “a strong institutional demand for the tokenization of assets aligned by ESG, with more than half a billion dollars of transactions under negotiation and a major institutional purchase in terms of completion,” wrote the firm in an announcement Thursday shared with Cointelegraph.
Continue to read
Token Yzy from Kanye West: 51,000 merchants lost $ 74 million, while $ 11 M $ 1 million
More than 51,000 merchants have suffered from the recently launched from Kanye West, highlighting the potential risks of negotiations approved by celebrities without intrinsic technological utility.
The Yzye token linked to Kanye West was launched on the Solana blockchain on August 21. He joined 1,400% in the first hour before losing more than 80% of its value.
Of the 70,200 traders who have invested in the celebrity token, more than 51,800 losses have made three traders losing more than a million dollars, according to the Bobblemaps blockchain data platform.
“Meanwhile, 11 wallets won $ 1 million +,” wrote Bubblemaps in a post on Wednesday X.
In the midst of large -scale loss of the majority of token merchants, only 11 out of 70,000 portfolios have generated more than a million dollars in profits, while 99 generated more than $ 100,000.
Meanwhile, the price of the Yzy token is down more than 80% compared to its top of all time, negotiating $ 0.5,515 with only 19,531 traders holding the token, data from the Nansen Intelligence Blockchain platform.
Former kickboxing champion Andrew Tate was one of the merchants who were trying to enjoy the rapper’s approved token. Tate opened a short 3x effect position on the Yzy token, resulting in a total loss of $ 700,000 on the hyperliquid account linked to the Tate, Cointelegraph reported on Friday.
Continue to read
Hyperliquid spikes like Arthur Hayes predicts 126x upwards in Tokyo
The native token fueling the hyperliquid of decentralized decentralized decentrals has been one of the rare to publish a gain in the past 24 hours, while cryptographic entrepreneur Arthur Hayes told him on Monday in Tokyo, he expects that he increases 126x in the next three years.
The hyperliquid (hype) had won almost 4% in the last 24 hours and was negotiated at $ 45.64 at the time of the editorial staff, although it briefly reached more than $ 47 earlier in the day.
The co-founder of Bitmex, Arthur Hayes, made the forecasts at the 2025 webx conference in Tokyo. Hayes said that the expansion of the stable reserve would pay DEX annualized costs to $ 258 billion, compared to its current annualized income of $ 1.2 billion.
Hyperliquid is a decentralized exchange for perpetual term contracts, derivative contracts without expiration date, allowing speculators to take leverage positions on cryptographic assets without possessing them.
Continue to read
Presentation of the DEFI market
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in the red.
The OKB token (OKB) fell by more than 25% as the biggest loser of the week in the Top 100, followed by the Aerodrome Finance token (Aero), down more than 15% on the weekly graph.
Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.