(Getty Images)

As ethereum snaps five-week rally, whale buys the dip

One wallet address scooped up roughly $282 million worth of ethereum in the last five days.

8/4/25 9:13AM

Ethereum ended its streak of five consecutive weeks of gains, with the price of the cryptocurrency dropping 8.6% in the last seven days.

Despite the slump, the network has seen several notable events:

An unknown whale has accumulated 79,461 ethereum tokens worth $282 million in the last five days from a Galaxy Digital OTC address, according to data analytics platform Arkham Intelligence.
BitMine Immersion Technologies announced Monday that its ethereum stash totals 833,137 tokens, or nearly $3 billion. The firm has the largest ethereum treasury.
One streak that’s still going: spot ethereum ETFs recorded their 12th straight week of positive inflows on Friday, the longest-ever streak for the investment vehicles, per SoSoValue.
The exit queue for ethereum validators has reached 503,630 tokens, representing nearly $1.8 billion, which equates to eight days and 18 hours, according to blockchain explorer beaconcha.in. The exit line is multiples higher than the network’s entry queue of 139,446 ethereum tokens.
Base, Coinbase’s ethereum layer 2 blockchain network, has taken the lead in daily token launches, usurping solana. Zora, an on-chain social network where posts are tokenized, propelled Base into the No. 1 spot in token creations. On Sunday alone, Zora saw over 21,000 tokens created, while solana’s LetsBonk and PumpFun collectively generated roughly 18,400, according to a Dune Analytics dashboard from Sealaunch.
In other news... Eric Trump urged people on X to buy the dip over the weekend.

$1.2B

Yaël Bizouati-Kennedy12/15/25

XRP ETFs have now crossed $1 billion in assets since the funds launched, according to SoSoValue, which shows total assets of $1.18 billion.

In September, the SEC approved generic listing standards, which paved the way for speedier listings and opened the floodgates for these products, and shortly after, Rex-Osprey launched the first spot XRP ETF available in the US.

Canary followed suit in November, launching an ETF trading on the Nasdaq under the ticker XRPC, which saw a record $58.5 million in trading volume on its first day. It’s the largest XRP ETF in the US, with $342 million in assets.

Grayscale, Bitwise, and Franklin Templeton also launched their own XRP ETFs in November. On December 11, 21Shares joined the XRP fund party.

It’s a noteworthy green shoot in the crypto space, as bitcoin and its ETFs have struggled, and XRP itself is down nearly 15% over the past month.

Jake Hanley, managing director and senior portfolio specialist at Teucrium Investment Advisors — which launched the first-ever XRP-based ETF in April, the 2x Long Daily XRP ETF — told Sherwood News that he is not surprised to see this level of interest in the XRP ETFs.

“We have long held that XRP and the Ripple ecosystem present a unique investment case among crypto assets. Crossing the $1 billion mark is yet another signal of the significant vote of confidence investors have in this increasingly important asset and ecosystem,” Hanley said.

Yaël Bizouati-Kennedy

12/10/25

Bitcoin rebounds but FOMC will set tone for Santa rally

Sage D. Young12/9/25

New bitcoin AfterDark ETF will be bitcoin at night, Treasurys by day

Tidal Trust II submitted form N-1A with the SEC to register a bitcoin ETF designed to systemically capture the cryptocurrency’s overnight return profile, a time window that delivered a significant portion of bitcoin’s upside last year.

The Nicholas Bitcoin and Treasuries AfterDark ETF provides long bitcoin exposure during US overnight hours, from the closing bell until the following morning’s market open, when the fund intends to unwind its positions, according to a document filed with the SEC on Tuesday.

To gain that exposure, the ETF may use a number of methods, including bitcoin futures contracts, US-listed ETFs, or exchange-traded options on such bitcoin underlying funds. When the market is open and daytime trading is active, the fund’s portfolio will consist of US Treasury securities and other cash equivalents.

In 2024, most of bitcoin’s gains occurred after-hours, senior Bloomberg ETF analyst Eric Balchunas reported:

We looked at this last year and found most of the gains are in fact after hours. Doesn't mean the ETFs aren't having impact. Some of this is positioning bc of the ETFs etc or derivatives based on flows etc etc. But yeah, bitcoin After Dark ETF could put up better reutrns, we'll… pic.twitter.com/BTpV51cQfl
— Eric Balchunas (@EricBalchunas) December 9, 2025

The AfterDark ETF filing comes as bitcoin crossed $94,000 on Tuesday, rising 4.5% in the last 24 hours. Even though spot bitcoin ETFs saw nearly $60.5 million in outflows on Monday, the investment vehicles have a cumulative net inflow of $57.6 billion, per SoSoValue.

Yaël Bizouati-Kennedy

12/8/25

Bitcoin will “snapback or chop ahead of the Fed” decision

Traders on prediction markets are divided, giving an equal chance that bitcoin drops below $80,000 or rises above $100,000 this year.

Yaël Bizouati-Kennedy

12/2/25

Legendary short seller James Chanos on the problem with Strategy’s business model

The noise has grown louder about Strategy being in trouble, but most experts think Strategy can weather the current bitcoin downturn, though one critic predicts this is “the beginning of the end.”

Bitcoin Conference Draws Cryptocurrency Fans To Miami

As ethereum snaps five-week rally, whale buys the dip

More Crypto

New bitcoin AfterDark ETF will be bitcoin at night, Treasurys by day

Latest Stories