Ethereum stands out as a pioneering force driving innovation in decentralized finance (DeFi) and blockchain technology. Recently, a notable event in Ethereum’s ecosystem captured attention: a major cryptocurrency holder, colloquially known as a whale, transferred a substantial amount of Ether (ETH) into self-custody. This move, totaling 16,449 ETH valued at approximately $50.3 million, occurred against the backdrop of Ethereum’s price recovery from recent lows and heightened anticipation surrounding Ethereum exchange-traded funds (ETFs) in the United States.·
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