Following the recent U.S. election, the cryptocurrency landscape has seen an impressive run, particularly among altcoins, where conversation rates are spiking alongside price movements.

📌 Traders continue to watch Bitcoin closely, with many eager to see if it can hit the $80,000 mark by the week’s end.

📌 Ethereum, meanwhile, has outperformed Bitcoin this past Thursday, with a notable rise to $2,900, boosting its discussion rate and creating a rare moment in the spotlight.

In its annual report published on October 31, 2024, the Ethereum Foundation disclosed holding $970.2 million in assets, with $788.7 million in crypto assets, of which 99.45% is in ETH.

The Foundation explained that it periodically sells ETH to ensure robust reserves in the years to come, aiming to fund significant public infrastructure.

More Whales Buys More Ethereum $ETH 

On the whale front, a prominent Ethereum holder who initially acquired 20,222 ETH on October 29 has now bolstered his holdings by another 9,171 ETH in the past 18 hours—worth approximately $26.16 million. Cumulatively, this investor has moved 39,844 ETH (around $107 million) from exchanges since October 29, resulting in a floating profit of $8.29 million.

Another whale holding 398,891 ETH (valued at $1.14 billion) sold 29,897 ETH for $84.87 million USDC at $2,839 per ETH following the price surge, securing an 810x return from an initial buy cost of roughly $3.5. This whale still holds 368,992 ETH, valued at $1.07 billion.

Additionally, on November 7, the Ethereum spot ETF saw an inflow of $79.74 million, marking its third-largest single-day net inflow on record.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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