The Ethereum ecosystem continues to thrive with new wallets and first-time collectors buying around $77 million worth of Ether tokens, such as Pepe Coin Uniswap, Athena, Aave, etc.
New wallets and first-time depositors have withdrawn six Ethereum ecosystem tokens worth $76.95 million from crypto exchanges (CEX) over the past week.
Ether tokens involved in these massive withdrawals include Lido DAO (LDO), Ethereum Name Service (ENS), Athena (ENA), Pepe Coin (PEPE), Uniswap (UNI), and Aave (AAVE).
This surge in activity for Ether tokens is optimistic following the recent approval of the Spot Ethereum ETF. Hence, this gives rise to speculation that the altcoin season might be making a comeback. Thus, here is an overview of the latest deposits made by the new wallet:
Ethena Takes The Lead
Athena led the charge with a 31.05% gain over the past seven days. 54.31 million ENA were withdrawn from three new multi-signature wallets, worth $45.61 million.
Notable transactions included one from wallet “0xe68”, which withdrew 34.65 million ENA and made a profit of $3.2 million within a week. Additionally, wallets “0xc7e” and “0x8be” jointly withdrew 19.66 million ENA, bringing in $657,000 in just 24 hours.
Pepe Coin Soars 45% In A Week
Pepe Coin saw the highest percentage gain among the tokens, gaining 45.5% over the past week. Whale wallet “0x837” made headlines by withdrawing 982.6 billion PEPE, worth $13.55 million, from Binance in the past two days.
This whale, which probably received PEPE at a lower price, contributed to the significant increase in value, realizing a profit of $594,000, reflecting an increase of 4.39%. However, the PEPE price is currently in the red. At press time, Pepe Coin traded down 4.55% on Friday, May 24th, hitting $0.00001376.
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Ethereum-Based Lido DAO Gains Momentum
Lido DAO saw a 37.6% rise in value over the past week. According to Spot On Chain Insights, six new wallets and Whale withdrew 4.3 million LDO, equivalent to $9.59 million, from Binance within the last 24 hours. This activity highlights the growing interest in LDOs as investors move their holdings to private wallets.
Aave & Uniswap Follow Suit
Moreover, Aave and Uniswap also experienced significant activity. During the week, Aave crypto gained 16.5% on the week, with two whales, “0x201” and “0xcd0”, 39,762 AAVE from Binance about seven hours ago, worth $4.06 million.
Meanwhile, Uniswap saw a 28.5% increase, with the wheel wallet “0xbbd” selling 214,465 UNI at a price of $9.69 per token, worth $2.08 million, about six hours ago.
Ethereum Name Service Mirrors Sentiment
ENS recorded the highest weekly percentage increase of 72.3%. Whale wallet “0x43c” withdrew 82,041 ENS, worth $2.06 million, from Binance about seven hours ago at $25.13 per token, marking a significant transaction for the week.
