SharpLink bought the dip and added another $100M-worth of $ETH to its Ethereum treasury.
According to the same data, 2.26% of the total $ETH supply is spread out between 63 strategic reserves, amounting to 2.73M coins with a value of $9.39B.
The data shows that public institutions show an increased interest in Ethereum, with some entities exhibiting aggressive buying strategies.
The Ether Machine is one such case, after adding 15,000 $ETH to their treasury recently at an average price of $3,809.97 for a total investment of $56.9M.
‘We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.’
Ethereum’s ETF inflows are currently outperforming Bitcoin, up 13% to Bitcoin’s 8% loss over the past two months.
With $ETH booming in charts and a bull run waiting to happen, ERC-20 projects like Best Wallet ($BEST) are likely to catch steam first.
Best Wallet’s non-custodial profile translates to higher security, as you control the private key and, thus, the funds.
The wallet also offers access to a variety of features, including the Token Launchpad, which grants exclusive access to upcoming tokens, allowing you to invest early.
The Market Insights feature is another useful addition, feeding you real-time updates on hot projects, market sentiment, and chart trends. This allows you to make more informed decisions before investing.
Based on Best Wallet’s features, public appeal, top security, and the fact that it’s free to use, we expect $BEST to experience a chart boom post launch.
Given the rising investor interest in $ETH, we may see another Ethereum rally soon, pushing the asset to the psychological threshold of $4,000.
We may not get Tom Lee’s $60K Ethereum in 2025, but a goal of $5,700 isn’t impossible, once $ETH clears the $4,000 resistance point.
This isn’t financial advice. Do your own research (DYOR) and invest wisely.
