- Over 34 million ETH staked, supporting Ethereum’s deflationary supply trend.
- Whale linked to ConsenSys purchased $320M ETH from Galaxy Digital.
Ethereum is gaining momentum across the crypto landscape as multiple indicators point toward renewed market strength. On-chain data shows over 34 million ETH are now staked, reducing liquid supply and aligning with Ethereum’s “ultrasound money” thesis.
Analyst Crypto Patel reported that this long-term lock-up contributes to a deflationary environment for ETH. Patel noted that Ethereum is currently in an accumulation zone near key bear market support levels.
Ethereum’s ecosystem continues expanding through Layer 2 networks such as Base, Arbitrum, and Optimism. Adoption of these scaling solutions is increasing rapidly.
This growth enhances Ethereum’s utility and lowers transaction fees, reinforcing its role as a foundational blockchain. Patel’s Ethereum Bull Run Roadmap suggests this accumulation phase could lead to a 397% surge, projecting ETH to reach $10,000 by 2026.
The ETH/BTC ratio is nearing historical lows. Patel emphasised that this trend often precedes a reversal in Ethereum’s favour, signalling potential for upward movement. At the time of writing, ETH is priced at $2,579.23, reflecting a 2.28% daily decline,
Ethereum Whale Moves $320M From Galaxy Digital.
A whale wallet tied to ConsenSys acquired $320 million worth of ETH from Galaxy Digital’s OTC desk within 24 hours. According to Arkham data, the purchase involved multiple large transactions. These included 14,278 ETH worth $37.46 million, 8,483 ETH worth $22.24 million, and 48,000 ETH valued at $115.53 million, among others.
The recipient wallet, previously inactive, now shows links to significant deposits and staking through the Liquid Collective. Blockchain traces revealed transfers in $ETH ranging from $120,000 to over $240,000.
These patterns indicate strategic positioning by institutions or closely affiliated entities. With over $300 million moved in a day, capital behaviour is aligning with growing interest in Ethereum’s future performance.
Ethereum Foundation Adjusts Treasury and Operations
The Ethereum Foundation (EF) has introduced a new treasury framework to improve financial stability. Director Hsiao-Wei Wang confirmed the Foundation’s financial runway is just 2.5 years. In response, EF is aligning treasury allocations with operational costs and real-time market data while considering input from the Ethereum community.
EF’s last public report, dated October 31, 2024, recorded $970.2 million in total assets. Of this, $788.7 million was held in cryptocurrencies, with ETH making up 81% of that figure. The remainder, $181.5 million, was stored in non-crypto assets. Since then, ETH has dropped by 1.8%, according to CoinGecko.
To maximise efficiency, EF now engages with decentralized finance (DeFi) platforms that are fully audited, immutable, and permissionless. In February, the Foundation deployed 45,000 ETH, then valued at $120 million, into DeFi. Aave founder Stani Kulechov confirmed that part of this ETH was used to borrow $2 million in GHO.
EF also announced internal restructuring to optimise resource allocation. While the exact number of staff affected was not disclosed, the move aims to focus efforts on priority areas across the Ethereum ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
