Crypto Market Surges to New Heights with Dynamic Moves
Main Idea
The cryptocurrency market has reached a $4 trillion valuation, driven by significant Ethereum transactions, staking activities, and major acquisitions by large investors.
Key Points
1. The cryptocurrency market grew by 1.54% in 24 hours, reaching a $4 trillion valuation, with large-volume trades playing a key role.
2. A major shareholder acquired 49,533 Ethereum (worth $210.68 million) via platforms like Galaxy Digital, FalconX, and BitGo, holding $940.7 million in Ethereum across six wallets.
3. Whales staked 4,736 ETH ($19.84 million) for long-term gains, with one investor profiting $10.7 million from an initial $9.12 million investment.
4. The 1inch team sold 5,000 ETH for 21 million USDC and additional 1INCH tokens, realizing profits, while Infini Exploiter sold 1,771 ETH ($7.44 million) from stolen funds.
5. An investor borrowed 20 million USDC from Aave to acquire 109.6 WBTC on Kraken, increasing total holdings to 603.5 WBTC with an average cost of $90,382.
Description
The crypto market reached a $4 trillion valuation after a 1.54% hike. Major investors, or "whales," engaged in large-volume trades involving Ethereum and other assets. Continue Reading: Crypto Market Surges to New Heights with Dynamic Moves The post Crypto Market Surges to New Heights with Dynamic Moves appeared first on COINTURK NEWS .
Latest News
- HBAR Holds Ground Against Market Trends2025-08-11 11:37:55
- Crypto Market Roars Back with $572 Million Surge2025-08-11 11:03:57
- Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market2025-08-11 10:36:10
- XRP Price Boosts Optimism by Testing Key Resistance Level2025-08-11 10:11:36
- Ethereum ICO Participant Turns $6,200 into Millions with Timed Sales2025-08-11 09:24:18