🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
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Event ends: August 9, 16:00 UTC
More details: https://www
🐋 Whale $ETH activity has begun to grow
There are currently a record number of coins in the staking queue since January 2024 — about 519,000 ETH worth $1.9 billion. The most logical thing here is the desire of users to lock in profits after the price of Ether has more than doubled since April.
There is an opinion that we will not see a strong sell-off yet, since most are waiting for the ATH for the asset to be updated, and only after that is there a possibility of a strong sell-off. Ether has certainly shown strong results, but its potential is huge, and the current growth is far from the limit. ETH dominance has confidently reached the 11% mark, so the gradual influx of liquidity into this altcoin continues, which will contribute to its further growth.