– Global crypto market cap rises 4%, reaching $3.91 trillion – ETH gains 7.2%, trading at $4,225 after whale interest – Unknown wallet deposits over $50 million in ETH to Coinbase – Whale sells 5,000 ETH for $21M; total sold 15,000 ETH – Smart trader increases Ethereum bet to $167.35 million – Over 31,100 ETH tokens enter centralized exchanges
The cryptocurrency market is experiencing growth after recent volatility. Global crypto market capitalization rose by 4% in the last 24 hours, reaching $3.91 trillion with a daily trading volume of $144 billion.
- Ethereum (ETH) increased by 7.2%, trading at $4,225, influenced by whale activity and SharpLink Gaming's Ethereum holdings surpassing $3.5 billion.
- Whale Alert reported a transfer of over $50 million in ETH to Coinbase Institutional, suggesting potential selloff preparations amid uncertain macroeconomic conditions.
- Whale 0xb927 sold 5,000 ETH for $21 million, totaling 15,000 ETH sold at an average price of $4,366.
- A BTC and ETH whale with a 100% win rate increased their long positions on Hyperliquid, holding $167.35 million in ETH and $170 million in BTC.
Additionally, Coinglass data shows over 31,100 ETH entered centralized exchanges in the past day, with Binance seeing the largest inflow. This could lead to further selloffs if negative market conditions persist.