📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
The crypto assets market has recently seen a notable trend. According to reliable sources, a major player with significant funds purchased approximately 40,000 Ether (ETH) through the Kraken exchange in just 10 hours, with a total value reaching 110.7 million USD. This astonishing purchase amount is equivalent to nearly 2.5 weeks of new supply on the Ethereum network.
Such a large-scale transaction naturally sparked widespread attention in the market. Some analysts pointed out that this may indicate certain institutional investors' long-term optimism about Ethereum. However, it is puzzling that despite such a massive purchase, the price of Ethereum has not shown the expected increase.
This phenomenon has sparked much speculation among crypto enthusiasts and investors. Some believe that this may be due to the overall market sentiment remaining cautious, which has suppressed the upward momentum of prices. There are also viewpoints suggesting that there may be other large holders simultaneously selling off, thereby offsetting the impact of this large-scale buying.
Regardless, this event once again highlights the complexity and unpredictability of the Crypto Assets market. For ordinary investors, it serves as a reminder: when making investment decisions, one should not only focus on a single event but also consider all aspects of the market.
As this news spreads, market participants will closely monitor the subsequent trends of Ethereum to observe whether this large-scale buying will have a more significant impact on prices in the future.