🐳💸ETH Breaks $4K While Whales Splurge-Did Your Wallet Just Faint?💸🐳

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Key takeaways


Ethereum sashayed past $4,000, a figure that caused monocles to leap from eyes across Mayfair, while half a dozen freshly-minted wallets guzzled $667 million worth of ETH from OTC desks faster than Bertie Wooster downs a whisky-and-soda.

Picture the scene: ETH’s circulating supply has now nipped past 121 million-roughly the number of times Jeeves has raised a supercilious eyebrow this year. Yet the juicier bit, the subplot lurking behind the arras, is the Great Whale Waltz.

Six mysterious new wallets-each as secretive as a member of the Drones Club with a hangover-have scooped up enough Ether to buy every Daimler in London. Naturally, this occurred precisely when prices pirouetted beyond four grand, sending hapless short-sellers diving for the nearest fainting couch.

One imagines short-sellers presently consoling themselves with stiff brandies and muttering, “Dash it all, why didn’t we see that coming?”

ETH surges past $4K as bulls crush shorts

The daily chart resembles Aunt Dahlia after a five-course luncheon: bullish, beaming, and distinctly overfed. ETH closed at $4,196, its RSI flirting with 72-a number indicating more heat than Bingo Little at a girls’ school recital.

Meanwhile, the MACD histogram is widening faster than Tuppy Glossop’s waistline after too many Anatole specials. Translation: the buying pressure is as relentless as Gussie Fink-Nottle’s newts.

Market sentiment, once a droopy spaniel, now struts like a Pekingese at Crufts. Yet seasoned hands advise keeping a stiff upper lip: profit-takers might stage a raid at any moment, shouting “Tally-ho!” and pinching the punch bowl.

ETH supply hits 121 million

Ethereum has minted its 121 millionth token, three years after the 120 millionth-a pace only slightly brisker than Lord Emsworth counting his prize pigs. CryptoQuant, our reliable keeper of the abacus, confirms the deed.

Every twenty-four hours, the network prints roughly 2,500-3,000 fresh ETH, yet staking locks away over 36 million-rather like hiding the family silver before Uncle Fred visits. This staking buffer cushions the inflationary blow, much as a stout cushion softens Aunt Agatha’s more pointed remarks.

So yes, the supply is up, and the old deflationary narrative has taken a mild clout on the snoot. Still, if network demand continues to froth like Spode’s best champagne, and stakers refuse to unlock, the extra tokens may simply flutter about harmlessly-rather like Madeline Bassett’s diary entries.

Whale accumulation intensifies with $667M ETH buy

Imagine a pod of Jeevesian intellects-each whale a brainy behemoth in pin-stripe fins-gathering at midnight, nodding sagely, then splashing out more money than the Drones’ annual bar tab. These six wallets, newborn yet already bulging, have hoovered up Ether like Gussie at a jug of orange juice spiked by mistake.

Observers suspect they either know something we don’t or simply enjoy the thrill, much as Catsmeat Potter-Pirbright enjoys gate-crashing a Barmy Fotheringay-Phipps party. Either way, the moral is clear: when the whales begin dancing, smaller fry are advised to keep their socks up and their stop-losses snug.

There you have it: ETH up, shorts squished, supply expanded, and staking chairs pulled ever tighter from the table. Now if you’ll excuse me, I believe I hear the clink of tea cups-time to see if the market has left us anything to toast. Cheers! 🍾

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2025-08-09 21:21