An unknown entity in full purchase frenzy of Ethereum, nearly $ 1 billion in a week, while the capitalization of ETH exceeds that of Mastercard.
In short
- An unidentified entity bought 221,166 ETH (worth around 1 billion dollars) last week using six portfolios linked to Galaxy Digital, Falconx and Bitgo.
- Ethereum's market capitalization reached $ 523 billion, exceeding Mastercard, after a 21 % rally that propelled the ETH over $ 4,300.
- Analysts predict that ETH could reach $ 20,000 in 6 to 8 months, although Vitalik Buterin warns an excessive lever effect in ETH ETH assets.
Whale accumulates 221,166 ETH in a week
The Blockchain Lookonchain analysis platform reports that a mysterious buyer has acquired 221,166 ETH in the last seven days, an increase of about 21 % of the price over the same period. On the last 24 hours alone, the entity bought $ 212 million from Ethereum. Acquisitions are spread over six portfolios linked to Cryptos Galaxy Digital, Falconx and Bitgo companies. The largest holds for $ 181 million in ETH, while the smallest still retains $ 128 million.
This aggressive accumulation intervenes that the number of Ethereum addresses holding more than 10,000 ETH reached 868,886 on Saturday, its highest level in one year, according to Glassnode.
Ethereum's capitalization exceeds Mastercard
Ethereum's rise has propelled its capitalization to $ 523 billion, exceeding the Mastercard assessment (519 billion). The listed companies have also strengthened their ETH reserves. According to Coingecko, more than 304,000 ETH, worth 1.3 billion dollars, were added to the treasurys of companies last week. The biggest buyer is Bitmine Immersion Technologies, with more than 208,000 ETH ($ 900 million), followed by Sharplink Gaming with $ 303 million.
Analysts target $ 20,000 for ETH
The bullish feeling wins technical analysts. Nilesh Verma estimates that ETH could reach $ 20,000 in six to eight months, based on historical patterns. Merlijn The Trader even judges that this threshold could be exceeded.
However, not all of them share absolute optimism. The co -founder of Ethereum, Vitalik Buterin, supports the idea that companies retain eth in their cash, but warns against a “Excessive leverage game” likely to destabilize the market.
With institutional accumulation, the growing interest of companies and favorable technical signals, Ethereum's momentum seems undeniable. But history recalls that overheating markets can switch quickly.
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