As the Ethereum price struggles to regain its strength, long-term investors are moving away from it. On-chain data reveals that an inactive ETH whale with a $12.2M profit in 8 years is switching focus to a viral AI altcoin, IntelMarkets.
This platform is becoming a potential top choice among whales because of its innovative AI-powered infrastructure and enhanced security measures. Let’s see if it could outperform top tokens like ETH.
Ethereum Price Struggles to Gain Momentum as Selling Pressure Increases
February has started with a bearish note for many cryptocurrencies including Ethereum (ETH). The Ethereum price showed a steady upward momentum after hitting a peak above $4,000 in December 2024. However, this continued upward trajectory of the Ethereum price was significantly disrupted by the broader crypto market downturn.
In this phase, the ETH token dropped dramatically to its critical support levels below $2,400. In addition, the Ethereum price has failed to gain any momentum despite market rebounding, as it experienced increased selling activity by ETH long-term holders. Analysts believe that if this situation persists, the Ethereum price could drop …
The post Inactive Ethereum Whale With $12.2M Profits in 8 Years Now Adds Viral AI Altcoin, On-chain Data Shows appeared first on Coin Edition.
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