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Ethereum Whale Sells $27 Million After 9 Years
An Ethereum whale has offloaded $27.6 million worth of ETH after holding the cryptocurrency for nearly nine years, according to Decrypt. The investor swapped 18,437 ETH for stablecoin USDC via the Uniswap decentralized exchange. Blockchain data suggests the ETH was acquired in 2016 when the price was just over $8 per coin, potentially yielding a profit of over 18,000%.
The whale executed the transactions in smaller batches of over 1,400 ETH each, likely to avoid alarming the market. Currently, ETH is trading at $1,517, which is 70% below its all-time high of $4,878 in 2021. The crypto market remains volatile, influenced by macroeconomic factors such as tariff announcements by former President Donald Trump.
"Movements from big 'HODLers' can spook investors, as industry observers often expect selling action with such large transfers." – Decrypt
Key Takeaway: A long-term Ethereum holder capitalized on a significant profit, highlighting the potential gains for early adopters despite current market volatility.
Bitcoin Maximalist Criticizes Ethereum's Valuation
Samson Mow, CEO of JAN3, has reiterated his criticism of Ethereum, claiming it is overvalued compared to Bitcoin. According to Mitrade, while Bitcoin has surged 270% since 2022, Ethereum's price has remained relatively stagnant, currently trading at $1,558. Mow attributes this disparity to Ethereum's larger supply of 122 million tokens, compared to Bitcoin's capped supply of 21 million.
Mow argues that Ethereum's premined tokens, which account for 60% of its supply, undermine its value. He suggests that if Ethereum had the same supply cap as Bitcoin, its price would be $9,300 per token. Despite these criticisms, Ethereum's price remains sensitive to macroeconomic events, such as tariff announcements, which recently caused a brief dip to $1,380 before rebounding.
Key Takeaway: The debate between Bitcoin and Ethereum supporters continues, with Bitcoin maximalists emphasizing scarcity while Ethereum advocates highlight its broader utility.
Ethereum Faces Price Drop Amid Market Uncertainty
Ethereum's price has dropped by 6.05% in the past 24 hours, falling to $1,538.96, as reported by Mitrade. The decline reflects broader market uncertainty in Q2, with major cryptocurrencies facing headwinds from macroeconomic shifts. Despite this, emerging altcoins like MAGACOIN FINANCE are gaining traction, breaking into the top five trending coins on platforms like CoinMarketCap.
MAGACOIN FINANCE has seen significant interest from retail traders and influencers, with analysts predicting potential returns of 30x–70x if current momentum continues. The token's presale has already exceeded record levels, marking it as a standout in the 2025 meme coin market.
Key Takeaway: While Ethereum struggles, new altcoins like MAGACOIN FINANCE are capturing market attention, showcasing the dynamic nature of the crypto space.
Developers Push for Privacy on Ethereum
Ethereum developers are exploring ways to enhance privacy on the network, as reported by CoinDesk. The discussion was reignited after the U.S. government lifted sanctions on Tornado Cash, a crypto mixing service. Developers like Pascal Caversaccio and Ethereum co-founder Vitalik Buterin have proposed integrating privacy features directly into the Ethereum protocol.
Suggestions include encrypting Ethereum's public mempool and using zero-knowledge cryptography to make transactions confidential. Buterin also proposed a "one address per application" model to anonymize on-chain activity. These changes aim to make privacy a default feature rather than an optional one.
Key Takeaway: Ethereum's push for enhanced privacy could address long-standing concerns about transparency and surveillance on the blockchain.
BlackRock's BUIDL Fund Surpasses $2.1 Billion on Ethereum
BlackRock's BUIDL fund has reached $2.1 billion in assets under management (AUM) on Ethereum, accounting for 90.5% of its total AUM across seven supported chains, according to Crypto News. The fund's rapid growth coincides with increased investor interest in blockchain-based securities amid market downturns.
The BUIDL fund leverages blockchain for efficiency, offering features like instantaneous settlement and programmable compliance. Its growth highlights the increasing recognition of blockchain's role in traditional finance.
Key Takeaway: BlackRock's success with the BUIDL fund underscores the growing integration of blockchain technology into traditional financial systems.
Sources:
- Ethereum Whale Offloads $27 Million After Holding for 9 Years
- Bitcoin Maxi Takes Aim: Ethereum’s True Value? Lower Than You Think
- Ethereum Slides, But MAGACOIN FINANCE Breaks Into Top 5 Trending Coins
- Can Ethereum Be Truly Private? Developers Push for Encrypted Mempool, Default Privacy
- BlackRock’s BUIDL surpasses $2.1 AUM on Ethereum, as risk-off sentiment rises
- Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
- Will Trump's Solana Meme Coin Pump or Dump After 40 Million Tokens Are Unlocked?
- Fartcoin rallies 104% in a week — Will Solana (SOL) price catch up?
- Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align – Analyst
- Most large cryptocurrencies decrease on Ethereum, Solana drops
- BTC, DOGE, SOL News: Bitcoin Retakes $82K, Dogecoin, Solana Lead Gains Among Majors
- XRP Eyes $2.50 as Key Level Gained, Solana (SOL) Price Breakthrough Next in Line, Dogecoin (DOGE): This Is Last Test for Price