Massive Influx: 10,911 ETH Floods Coinbase! Unraveling the Mystery Behind the Surge
Coinbase sees unprecedented 10,911 ETH transactions, sparking market intrigue and speculation.

Coinbase sees unprecedented 10,911 ETH transactions, sparking market intrigue and speculation.
The Ethereum ($ETH) market witnessed notable whale accumulation, with over $1 billion added in holdings despite recent price stagnation. Ethereum trades at $2,300, reflecting a 78.5% surge in 12 months, while Bitcoin soared by 170%. Institutional inflows in crypto investment products reached $2.2 billion in a year, with Bitcoin-centric products leading at $1.93 billion. Solana ($SOL) attracted attention, gaining $167 million in investments post FTX's collapse, surpassing Ethereum's inflows. Analysts maintain bullish sentiments, predicting ETH to hit $10,000 and foreseeing potential price surges post Bitcoin ETF approval.
The community votes at CoinMarketCap have projected that Ethereum’s token would trade at a median price of $1,578 on October 31, 2022
The cost of an Apple iPhone over the years has only gone up. But has the iPhone price over the past decade outpaced the price of BTC, or ETH?
After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.
10 projects, all outstanding
The CryptoPunk 5364 NFT was donated to the Aid For Ukraine campaign by user 0x165cd3 who procured the artwork back on March 1, 2022.
BTC and altcoins are on the verge of falling below critical support levels, and June 10’s higher-than-expected CPI report isn’t helping.
Analysts say that Bitcoin has started to move towards new all-time highs, and the sideways movement of altcoins shows that traders are moving funds to BTC.
The ETH 2.0 deposit contract can only be unblocked after the PoS transition, postponed to the latter half of the year.