Sure, the market feels a bit full—like a Thanksgiving dinner gone wrong—but don’t count Ethereum out just yet! This little hiccup is probably just taking a breather before it sprints up faster than a cat on a hot tin roof!
The source of this unexpected vivacity, it appears, resides in a renewed affection for collections built upon the Ethereum – a most complicated system, if one is to believe the gentlemen who attempt to explain it. Particularly admired are these “CryptoPunks,” a series of… portraits, if one may be so generous. Their value has climbed by more than half, with the least expensive example now demanding over 47 of those peculiar “ETH” units. Eighty-three new purchasers entered the fray on a single day – a positively bustling spectacle!
While everyone’s gawking at altcoins and Bitcoin’s flop sweat from not holding its gains, a few U.S. crypto stocks are putting on a show that’s worth a chuckle or two.
Such a frenzy whispers of deep-pocketed institutions eyeing Ethereum, stoked by price jumps, some regulatory nods from the higher-ups, and the spread of stablecoins like weeds in a forgotten field. It pulls along every project hitched to the Ethereum wagon, including that scrappy ERC-20 upstart, Snorter Token ($SNORT), with its promises of utility that might just keep you from getting fleeced. 😏
Now, on this fine Friday, OSL announced they’re planning to use these funds in three key areas: acquisitions, global business initiatives (like payments and stablecoin infrastructure—because who doesn’t love a good stablecoin?), and beefing up their working capital. Because, you know, who doesn’t need more money to play with? 🤑
But wait, there’s more! This figure marks a jaw-dropping 94% increase from June. Weekly trading volume skyrocketed too, hitting $136 million—a 51% jump from the previous week. Who needs tangible assets when you can trade cartoonish CryptoPunks for life-changing sums? 😎💸
Ethereum (ETH), Solana (SOL), and a veritable banquet of EVM-compatible networks. Who could resist such an invitation? ✨
One cannot help but chuckle at the irony; this bold proclamation also serves as a jovial admission that his once-certain predictions now sit in the attic of obsolescence, collecting dust. It’s as if he looked into the mirror of the market and said, “You’re not the person I used to know!”
And who’s crying? Over-leveraged traders, that’s who. 150,000 of them got liquidated. Ouch. That’s more painful than a bad Seinfeld rerun. 😬📉
Lo and behold! This hoard vaults BitMine past the Ethereum Foundation (which, let’s face it, probably forgot where it left its keys) and even Coinbase, the digital equivalent of a pawn shop. And poor SharpLink? Left in the dust with 200k fewer tokens than our hero. BitMine’s goal? To own 5% of Ethereum’s supply. Because why let the little guys have a slice of the pie when you can eat the whole bakery? 🥧➡️💸
