Speaking of cha-ching, whales are splashing around like itâs a crypto pool party! Two big fish just dropped $31.5K and $27.1K yesterday. Thatâs right, theyâre not just dipping their toes-theyâre cannonballing into the $HYPER pool! đ
Unlike those tortoise-paced trades that take a full day and involve so much counterparty risk it might as well be a reality TV show, Ethereum performs an atomic settlement instantly. That means collateral goes poof, and rent-seeking third parties-basically those freeloaders taking a cut just for holding the clipboard-are out of luck.
Such turbulence bursts forth from frantic flows to exchanges-an unbearable torrent of selling! Most likely the handiwork of grumbling airdrop recipients, awakened on the ninth day of September, who saw their 12.5% token gifts vanish like crumbs in a ravenous crow’s beak. But behold! The blockchain whispers secrets of a faction battling valiantly-a faction of âmega whalesâ gulping these tokens as if dinner were at stake!
Behold, the sellers reign supreme as $18.42M in SEI is unshackled, with another $17.76M poised to flood the markets on the 15th of October. Yet, the masses persist-nearly 1M souls trade daily, a testament to their unyielding hope. đđ¤Ą
Unlike those bland SEC-approved âspotâ Bitcoin and Ether products snoozing as â33 Act commodity trusts (seriously, who reads that stuff?), this babyâs launching as a â40 Act open-end ETF. Translation: itâs the regulatory equivalent of doing the chicken dance at a business meeting-unexpected, a little wild, but oddly effective. It means this ETF can mix and mingle assets instead of hoarding just one like a miserly dragon clutching gold.
Ethereum decided to flex its muscles in early September, smashing through the $4,600 mark like it was a piĂąata filled with Bitcoin. This isnât just a new high-itâs a neon sign flashing âWeâre back, baby!â for the crypto world. Investors whoâve been sitting on the sidelines are now frantically Googling âHow to buy ETH without looking like a noob.â đ¤
The ever-watchful Strategic Solana Reserve tracker reported on Tuesday that treasuries now boast a hefty 17.11 million tokens, valued at a cool $4.03 billion. Thatâs roughly 3% of the entire Solana supply, which totals over 600 million tokens. Somewhere in a parallel universe, 97% of Solana is probably hanging out at a cryptic barbeque without an invite.
This curious little rift between the mighty cryptocurrency and all the other fancy numbers printed on Wall Streetâs magic scrolls has the so-called âexpertsâ scratchinâ their noggins and wonderinâ if Bitcoinâs still fit for this here wild global rodeo.
Yet mark this: the marketâs caution is but a timid whisper compared to the grand question of the hour-shall the Fedâs potential dovish shift reignite Ethereumâs rally? Or shall it collapse into a farcical heap of despair? Only time shall tell! đ
Among the rabble, Solana ($SOL) prances about, up 8% since last week. When the grandees of the crypto world stir, the peasants-er, smaller altcoins-inevitably follow suit. How quaint. đž
