This week’s focus in crypto has been not just on Ethereum, Solana, and other market leaders, but also on a low-cap crypto that analysts say could deliver outsized returns. Whales purchasing ETH and Solana organizing a crucial governance upgrade points to a rotation into early stage projects. MAGACOIN FINANCE is being touted a 30x ROI crypto. As such, it is attracting attention, similar to the major altcoins.
Responding to the market correction over the last week, Ether whales took advantage of the drop to $4,200. The amount of Ether in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings.
Data from Santiment shows that whale addresses holding between 10,000 and 100,000 ETH rose by 4% in the past week. Moreover, these big investors have accumulated about 260,000 ETH worth $1.14 billion in the past 24 hours. The blockchain has 35.7 million ETH staked, worth approximately $162 billion, and equating to 31% of the total supply, according to Ultrasound.Money.
Read more on Analytics Insight
