Bitcoin whales, or large tokens, are selling more than the world’s first cryptocurrency to obtain exposure to Ether’s price.
The movement indicates the “natural rotation” of the market in ether (ETH) and other Altcoins with more upward potential, Nicolai Sondergaard, research analyst at the Crypto Nansen intelligence platform, told Cointelegraph.
The growing capital rotation of investors occurred despite the growing concerns about the incoming sales pressure, because the Ethereum validator tail reached a historical maximum of almost $ 5 billion in Tokens ETH on Thursday, taking retirement times to an 18 -day record, 16 hours.
Part of the change of mental investor can be attributed to a massive whale of $ 11 billion, which turned more than $ 2.59 billion in Bitcoin (BTC) in a spot ether of $ 2.2 billion and a perpetual position of $ 577 million long, locating a profit of $ 33 million earnings of long perpsas on Monday, Cointelegrapph reported.
Cryptographic whales buy an ether of $ 456 million in “natural rotation” of Bitcoin
Cryptocurrency whales, or large investors, are buying hundreds of millions of ether, since analysts point out an organic rotation of the investor mentality to Altcoins with more upward potential.
Nine “Mass” whales of “massive” whales bought a cumulative value of $ 456 million (ETH) of Bitgo and Galaxy Digital, the Blockchain Arkham data platform said on a Tuesday X mail.
The growing demand for whales for the second largest cryptocurrency in the world indicates the “natural rotation” of the market in Ether and other Altcoins with more upward potential, according to Nicolai Sondergaard, research analyst of the Crypto Nansen intelligence platform.
“Much of this seems like a natural rotation, investors are blocked in the profits of Bitcoin’s Run and move to other tokens to capture the upside potential,” the analyst told Cointelegraph, adding:
“Ether in particular benefits because it has a strong current mentality and an impulse from Ether Treasury companies.”
While the recent movements of ether whales are “notable”, the “broader trend is simply that the flows are extending beyond Bitcoin as market participants seek the next movement,” said the analyst.
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Ethereum Exit queue hits $ 5b ETH record, raising sales pressure concerns
Ethereum is seeing the greatest exodus of validator in the history of Crypto, with more than 1 million ether tokens that currently expect to be removed from rethinking through the Ethereum stagnation test network (POS).
Ethereum’s exit tail exceeded 1 million ether (ETH) for a value of $ 4.96 billion on Thursday. This marks the amount of ether established for the retirement by the validators of the network, which are responsible for adding new blocks and verifying transactions in the proposed blocks, playing a vital role in the operation of the Blockchain network.
The mass exodus has extended the waiting time for the validator to an 18 -day and 16 -hour record, according to blockchain data from Validatorqueue.com.
While this does not mean that all validators seek to sell their holdings, a significant portion of the almost $ 5 billion can be sold to obtain profits, considering that Ether has increased 72% in the last three months.
“The exit tail that reaches 1 million ETH reflects a healthy dynamic market instead of a cause of concern,” Marcin Kazmierczak, Redstone Co -founder Blockchain Oracle signs, told Cointegraph Marcin Kazmierczak, adding: adding: adding:
“The crucial thing about understanding is that these outputs pale compared to the institutional capital that flows to Ethereum.”
The “unprecedented demand” of public vehicles such as treasure companies and funds quoted in the stock market means that validator sales are “easily absorbed by this institutional appetite,” he said.
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Blockchain token prevents 394 million tons of CO₂ in an ESG effort of $ 32b
The Arx Veritas wealth tokenization platform and the Blubird tokenization infrastructure firm are using blockchain technology to avoid almost 400 million tons of CO₂ emissions, marking a record of the digital asset token industry.
The two companies have played assets of value of emissions worth $ 32 billion in the Redbelly Network of Blubird, with the aim of establishing a “new standard” for financing and monitoring of sustainability efforts.
Tokenized assets include oil wells and limited carbon mines, which represent more than 394 million tons of preventive emissions of CO₂, marking the greatest tokenization effort aligned with the environmental, social and governance framework (ESG).
The 394 million tons of preventive emissions of CO₂ are attributed to two sources: the extraction, processing, shipping and burning of coal that would have been used, together with the pollutants avoided by limiting the abandoned oil wells.
Prevented emissions are the equivalent of almost 395 million round trip flights from New York to London, or 986 billion miles driven by an average passenger car, or 105 times the annual emissions of Iceland.
Bluebird is seeing “a strong institutional demand for the tokenization of assets aligned by ESG, with more than half a billion transactions in negotiation and an important institutional purchase about to end,” the firm wrote in a Thursday announcement shared with Cointelegraph.
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Yzy Token by Kanye West: 51,000 merchants lost $ 74 million, while 11 scored $ 1m
More than 51,000 merchants incurred losses in the recently launched memecoin of Kanye West, highlighting the potential risks of exchanging famous tokens with celebrities without intrinsic technological utility.
The Token Yzy linked to Kanye West threw himself in the Solana block chain on August 21. It joined 1,400% in the first hour before losing more than 80% of its value.
Of the 70,200 merchants who invested in the Famous Token, more than 51,800 losses made, with three merchants losing more than $ 1 million, according to the Blockchain Bubblemaps data platform.
“Meanwhile, 11 wallets won $ 1m+,” Bubblemaps wrote on a Wednesday X mail.
Amid large -scale losses of most token merchants, only 11 of 70,000 wallets generated more than $ 1 million in earnings, while 99 generated more than $ 100,000.
Meanwhile, the price of Yzy Token has dropped more than 80% since its historical maximum, which is traded at $ 0.5515 with only 19,531 merchants that support the Token, data from the Blockchain Intelligence Platform Nansen shows.
The former Kickboxing champion Andrew Tate was among the merchants seeking to benefit from the tab backed by the rapper. Tate opened a short -signed 3x position in the Token Yzy, which led to a total loss of $ 700,000 in the hyperlychide account related to Tate, Cointelegraph reported on Friday.
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Hyperlichid spikes like Arthur Hayes predicts 126x upside in Tokyo
The native token that promoted the exchanging hyperliquid decentralized derivatives was one of the few to publish an gain in the last 24 hours, as the cryptographic businessman Arthur Hayes said at a audience in Tokyo on Monday, he hopes that he will increase 126 times in the next three years.
Hyperlichid (Hype) had won almost 4% in the last 24 hours and was quoted at $ 45.64 at the time of writing, although it briefly reached $ 47 earlier in the day.
The co -founder of Bitmex, Arthur Hayes, made the forecast at the Webx 2025 conference in Tokyo. Hayes said that Stablecoin’s expansion would push the annualized tariffs of the DEX to $ 258 billion, of its current annualized revenues of $ 1.2 billion.
Hyperliquid is a decentralized exchange for perpetual futures, derived contracts without an expiration date, which allows speculators to take leverage positions in encryption assets without possessing them.
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General description of the defi market
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies for market capitalization ended the week in El Red.
The Token OKB (OKB) fell more than 25% as the largest loser of the week in the top 100, followed by the Finance Aerodrome tab (Aero), more than 15% in the weekly table.
Thank you for reading our summary of the most shocking developments this week. Unique us next Friday to get more stories, ideas and education about this dynamic progress space.
