Ethereum whale makes big move with $19.5M ETH purchase
Ethereum whale thomasg.eth has accumulated $19.5 million in ETH this week, as Bitmine’s Tom Lee argues the market may be nearing the end of “crypto winter.”
Ethereum whale thomasg.eth has accumulated $19.5 million in ETH this week, as Bitmine’s Tom Lee argues the market may be nearing the end of “crypto winter.”
ETH could approach $2,750 by June and $3,200 by September if a historical whale-profit signal repeats, though past cycles show mixed outcomes.
Welch said the fallout from the HAWK memecoin left her wary of crypto, adding she still does not fully understand the sector more than a year later.
Bitmine Immersion Technologies bought another $139 million in Ether last week, bringing its ETH holdings to 4.6 million.
Spot ETF outlflows, falling DEX volumes and a declining ETH futures premium may be preventing Ether from rallying, but flipping them could catalyze a rally to $2,400.
Data shows AI tokens and stablecoins held up better than other crypto sectors in 2026, with growth tied to usage, liquidity and infrastructure demand.
A resurgence in institutional demand and spot ETF inflow return could put Ethereum price in a better position to overcome the next hurdle at $2,200.
Brent crude oil, the global benchmark stands at about $107 per barrel at the time of writing.
TAO’s price has rallied 160% in over a month, but is printing a familiar golden cross that has preceded massive price corrections in the past.
The update allows one fee redirect per token, after which settings are permanently locked to prevent repeated post-launch changes.