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๐ŸŽ‰๐Ÿš€Whale alert!๐Ÿณ Ethereum (ETH) is catching the eye of the big fish in the crypto sea, despite its recent slowdown and price remaining below $4,000. According to Glassnode data, there's been a significant rise in Ethereum addresses holding 10,000 or more ETH. This shift from selling to accumulation suggests that these whales are bullish on ETH's long-term potential.๐Ÿ’ช๐Ÿ“ˆ Santiment's report revealed that wallets with at least 10,000 ETH have accumulated 21.39 million ETH over the past 14 months, a whopping 27% increase in their assets. This accumulation trend mirrors Ethereum's price movements and is a positive indicator for the altcoin.๐Ÿ‘€๐Ÿ’ฐ Interestingly, ETH has outperformed BTC over the past month, following the US SEC's approval of the first spot Ethereum ETFs. This has led to the highest mass whale transaction spikes of the year. As long as this cohort of wallets holding 10,000 or more ETH keeps growing, ETH prices may continue to outshine Bitcoin.๐ŸŒŸ๐Ÿš€ In other news, Singapore's DBS Bank has been identified as an ETH whale by blockchain analysis firm Nansen. The bank's wallet holds 173,753 ETH, valued at approximately $650 million. Although DBS Bank hasn't confirmed ownership, it's speculated that the ETH is held on behalf of investors via DBS's digital exchange.๐Ÿฆ๐Ÿ’ผ So, keep your eyes on Ethereum, folks! It seems the whales are betting big on this altcoin.๐Ÿณ๐ŸŽฒ๐Ÿš€

๐ŸŽ‰๐Ÿš€Whale alert!๐Ÿณ Ethereum (ETH) is catching the eye of the big fish in the crypto sea, despite its recent slowdown and price remaining below $4,000. According to Glassnode data, there's been a significant rise in Ethereum addresses holding 10,000 or more ETH. This shift from selling to accumulation suggests that these whales are bullish on ETH's long-term potential.๐Ÿ’ช๐Ÿ“ˆ

Santiment's report revealed that wallets with at least 10,000 ETH have accumulated 21.39 million ETH over the past 14 months, a whopping 27% increase in their assets. This accumulation trend mirrors Ethereum's price movements and is a positive indicator for the altcoin.๐Ÿ‘€๐Ÿ’ฐ

Interestingly, ETH has outperformed BTC over the past month, following the US SEC's approval of the first spot Ethereum ETFs. This has led to the highest mass whale transaction spikes of the year. As long as this cohort of wallets holding 10,000 or more ETH keeps growing, ETH prices may continue to outshine Bitcoin.๐ŸŒŸ๐Ÿš€

In other news, Singapore's DBS Bank has been identified as an ETH whale by blockchain analysis firm Nansen. The bank's wallet holds 173,753 ETH, valued at approximately $650 million. Although DBS Bank hasn't confirmed ownership, it's speculated that the ETH is held on behalf of investors via DBS's digital exchange.๐Ÿฆ๐Ÿ’ผ

So, keep your eyes on Ethereum, folks! It seems the whales are betting big on this altcoin.๐Ÿณ๐ŸŽฒ๐Ÿš€

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๐Ÿš€๐Ÿš€Buckle up, Bitcoin enthusiasts! While meme coins are stealing the spotlight, our good old Dogecoin (DOGE) is making some noise in the background. Despite a 4% drop over the past week, DOGE whales have been busy, gobbling up more than 700 million DOGE in the past 72 hours alone. That's a cool $112 million at the current price of $0.16! ๐Ÿ‹๐Ÿ’ฐ DOGE's recent performance has been a rollercoaster ride. It's up by over 17% monthly but has seen a dip over the past week. But hey, every cloud has a silver lining, right? These price fluctuations have opened up opportunities for whale buyers, with holdings in the 100 million to 1 billion range seeing a significant increase since May 29. ๐ŸŽข๐Ÿ“ˆ This accumulation trend isn't just a flash in the pan. Singapore-based crypto-trading firm QCP Capital has noted a shift in focus to legacy meme coins. And it's not just DOGE that's getting love. Tokens like Shiba Inu (SHIBA) and Pepe (PEPE) have also been turning heads, with double-digit gains between 10% and 20%. ๐ŸŒŸ๐Ÿš€ In the past two weeks, over 4 trillion SHIB tokens, valued at approximately $103 million, have been transferred to crypto exchanges. This suggests a surge in trading activity and a trend of investors looking to capitalize on SHIBโ€™s recent price movements. Meanwhile, PEPE has been on a tear, gaining almost 130% over the past month. A whale made nearly $5 million in profit from the PEPE token within a month, achieving a 52% return on their initial investment. ๐Ÿค‘๐Ÿ”ฅ So, while the crypto market continues its wild ride, DOGE and other meme coins are making waves. Stay tuned for more updates! ๐Ÿš€๐ŸŽ‰
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๐Ÿš€Hold on to your hats, BTC enthusiasts! European Bitcoin exchange-traded products (ETPs) are facing a bit of a rough ride this year due to increased competition from across the pond. ๐ŸŒŠ According to data from Morningstar, European Bitcoin funds have seen over $500 million in net outflows since January, despite the rising demand for Bitcoin itself. ๐Ÿ˜ฑ Why, you ask? Well, it seems the launch of US Bitcoin ETFs in January has stirred up the waters. Pierre Debru, head of quantitative research and multi-asset solutions at WisdomTree, said that while client interest in European crypto ETPs has โ€œgreatly increasedโ€ since the US Bitcoin ETFs went live, these same ETFs have also brought in unprecedented competition. ๐ŸฅŠ This has created a new fee environment, forcing European issuers to lower their fees. Big names like BlackRock and Fidelity, the asset managers behind the 1st and 3rd largest Bitcoin ETFs, now offer 0.25% annual management fees, with even greater temporary discounts for early buyers. ๐Ÿ’ธ In response, European Bitcoin ETP providers like Invesco, WisdomTree, and CoinShares have all dropped their previous fees from rates above 0.9% to below 0.4%. ๐Ÿ“‰ However, not all funds have been so lucky. The Grayscale Bitcoin Trust (GBTC), which charges a 1.5% fee to investors, has already lost over half of its Bitcoin since the US ETF approvals. ๐Ÿ˜ฒ Despite the competition, VanEckโ€™s CEO in Europe, Martijn Rozemuller, remains optimistic, stating that European crypto ETPs are still relatively larger than the spot bitcoin ETFs in the US. ๐ŸŒ So, it's not all doom and gloom, folks! The crypto market is ever-evolving, and this is just another exciting chapter in the Bitcoin saga. ๐Ÿš€๐ŸŒ™
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