- In the vast expanse of digital deserts, the mirage of Ethereum‘s active addresses balloons to 670K!
- As the winds of fortune shift, Trump’s WLFI finds itself in a $14.9M sandstorm of losses.
In the grand tapestry of digital realms, Ethereum [ETH] weaves a curious tale of a 37% surge in active addresses, surpassing the previous year’s March mirage.
According to the soothsayers at IntoTheBlock, the number of souls journeying through this digital realm swelled to 670K, dwarfing the 400K wanderers of yesteryear.
“Behold! The highest throng of Ethereum’s denizens since the days of March 2024!”
While it’s true that a single sorcerer can conjure multiple identities and thus distort the metrics, the unyielding growth hints at a grand exodus to this digital promised land.
Giants Stirring the DeFi Cauldron?
In this same epoch, the mystical ETH TVL (total value locked) leapt from $65B to $98B, only to slink back to $84B as our quills struck parchment.
For those versed in the arcana of DeFi, TVL is the alchemist’s measure of gold locked in the digital crucible.
For Ethereum, the grand temples of Aave and Lido hoard the lion’s share of the chain’s treasure, accounting for over $60B of the sacred ETH TVL.
Given their favor among the institutional titans, one might suspect these behemoths are the architects behind the bustling network.
Yet, in a twist of fate, President Trump’s WLFI has emerged as a voracious purchaser of ETH. Alas, the recent 8% descent to $3K has left the firm with a $14.9M wound of potential.
As the ETH price dances with the bears, it has managed to hold the line at the $3K fortress.
Yet, having been tested repeatedly, the walls may yet crumble, especially if the bearish hordes continue their march post-FOMC counsel.
On the wings of hope, a reversal could elevate ETH to the skies of $3.5K or even to the celestial resistance at $3.6K-$3.7K.
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2025-01-30 08:10