In a move that has crypto enthusiasts buzzing like a swarm of bees, Ethereum accumulation addresses have witnessed a record surge in daily inflows, suggesting that the “smart money” is betting big on the future of the cryptocurrency. 🤑
Ether Accumulators Absorb $883M ETH in a Single Day 💰
According to CryptoQuant, Ethereum accumulation addresses received a staggering 330,705 Ether (ETH) worth $883 million, the highest ever in a single day. This surge in accumulation has pushed the total ETH held by these long-term holders to a record 19.24 million. 🤑
But wait, there’s more! 😏 Despite the recent price dip, the total count of accumulating retail addresses has jumped in 2025, suggesting that these savvy investors are scooping up Ether at multi-week low prices. 🤑
According to one analyst, this massive inflow “reflects expectations of DeFi regulatory de-risking as part of Trump’s pro-crypto policies following his reelection, and suggests that smart money is likely to accumulate aggressively regardless of price.” 🤑🤑🤑
Ethereum’s Road to $4K: A Bumpy Ride Ahead 🛣️
But it’s not all rainbows and unicorns for Ethereum. The cryptocurrency faces intensified competition from other layer-1 blockchains, notably Solana (SOL), which has seen a staggering 1,025% rally against ETH over the past two years. 😱
And let’s not forget the anticipated deflationary effect from Ethereum’s transition to proof-of-stake (PoS), which has yet to materialize as expected. 🤔
But fear not, dear readers! One analyst believes that Ether will reach $4,000 and beyond if it can adapt to the rising competition and leverage the regulatory momentum. 🚀
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2025-02-09 15:14