Ethereum’s Market Cap Surpasses Mastercard: Is a $1 Billion Whale Behind It? 🐋💰

by

So, it turns out a mysterious institution decided to go on a shopping spree and bought nearly $1 billion in Ethereum in just a week. Who knew crypto could be so… extravagant? 💸

Ethereum has been the belle of the ball lately, with a flurry of large-scale buying activity. One unidentified institution, which we can only assume is either a tech giant or a very rich octopus, purchased a jaw-dropping 221,166 ETH worth nearly $1 billion. Talk about a shopping cart full of digital coins! 🛒

And just to spice things up, this buying frenzy coincided with a 21% rally in ETH’s price, sending it soaring above the $4,000 mark. I mean, who doesn’t love a good price hike? 🎢

Ethereum Market Cap Beats Mastercard’s

According to the ever-reliable data from Lookonchain, our mysterious whale used six separate wallets to stash its treasure. The largest wallet is flaunting a cool $181 million in ETH, while the smallest is still a respectable $128 million. These funds were acquired through Galaxy Digital, FalconX, and BitGo-because why not spread the love? 💖

In a particularly thrilling twist, on-chain data revealed that Ethereum addresses holding more than 10,000 ETH reached a staggering 868,886 on Saturday. That’s the highest level in a year! According to Glassnode, this surge in large holders suggests that institutional interest in Ethereum is skyrocketing. 🚀

This mysterious institution accumulated another 49,533 ($212M) today. Over the past week, they have accumulated 221,166 ($946.6M) from , , and .

– Lookonchain (@lookonchain)

As a result, Ethereum’s market cap has now reached around $523 billion, which is more than Mastercard’s $519 billion valuation. Sorry, Mastercard, but it looks like Ethereum just stole your lunch money! 🍔

Public companies are also getting in on the action, adding massive amounts of ETH to their treasuries. In just one week, over 304,000 ETH worth $1.3 billion has been gobbled up by publicly traded firms, according to CoinGecko. Who knew corporate treasuries could be so… trendy? 😎

BitMine Immersion Technologies led the charge with a purchase of over 208,000 ETH, worth more than $900 million. SharpLink Gaming followed with a $303 million purchase. I guess they really want to be the cool kids on the block! 🤑

Analysts Turn Bullish on Ethereum Price Outlook

Technical analysts are getting all giddy about Ethereum’s future. Analyst Nilesh Verma predicts that ETH could hit $20,000 within six to eight months. I mean, who doesn’t love a good prediction? 📈

Another analyst, Merlijn The Trader, believes that ETH can break above the $20,000 mark and may even go higher, depending on market conditions. Because, of course, the market is always so predictable! 🙄

7 years in the making. 2 touches. One breakout that changes everything. is riding the same channel that launched it from $100 to $4,000.

Momentum is coiling. RSI is reset. The ignition sequence is armed.

Next stop? Straight to the top of the channel and beyond.

– Merlijn The Trader (@MerlijnTrader)

Despite Ethereum’s impressive price performance, derivatives market data suggests that traders aren’t overly bullish just yet. ETH has gained 41% over the past month, while the general market has only managed a 9% rise. Talk about a show-off! 😏

Additionally, ETH futures are currently trading with an annualized premium below the typical bullish range of 5% to 10%. This means traders aren’t exactly placing their bets on further price increases in the short term. Maybe they’re just waiting for the right moment to pounce? 🦁

Institutional Demand Provides Support

Institutional activity continues to be the backbone of Ethereum’s price. Between Thursday and Friday alone, spot Ethereum ETFs attracted a whopping $683 million in net inflows last week. That’s a lot of cash! 💵

Corporate holdings are also on the rise. BitMine Immersion recently added 317,126 ETH to its reserves, worth $1.35 billion. SharpLink Gaming has raised nearly $900 million to expand its ETH reserves and now holds around 600,000 ETH worth $2.55 billion. I guess they’re not just playing games after all! 🎮

This institutional interest could help Ethereum maintain its standing above $4,000 and even drive it toward the $5,000 level. Fingers crossed, everyone! 🤞

Read More

2025-08-12 16:05