Ether Whale Activity Surges in 48 Hours: What’s Driving the Activity?
According to recent market data, a sizable portion of ETH was involved in large-holder activity within the previous 48 hours. In the past 48 hours, whales have purchased more than 1.14 million ETH, according to cryptocurrency analyst Ali. Within the crypto world, this enormous accumulation has generated speculation.
According to blockchain data tracker Whale Alert, there have been three significant Ethereum transactions in the past day involving a significant transfer of ETH between unidentified wallets. Two transactions totaling 40,894 ETH, each valued at around $135 million, were made between unidentified wallets, and 39,200 ETH, totaling $129,481,373. Given the growing number of institutional investors in the cryptocurrency space, the recent accumulation may indicate that these players are boosting their holdings of ETH.
Ether Developers Announce Timeline for Pectra Testnet and Mainnet Upgrades as Whale Activity Continues
Christine Kim of Galaxy Research provided the most recent report on Pectra developments, stating that the Ethereum Pectra hard fork activation preparations are moving along. Before updating the public testnets, developers opted to build another devnet, Devnet 6, in response to recent network problems on Pectra Devnet 5 and anticipated revisions to the Pectra specification.
A rough timeline for Pectra mainnet activation was also presented by the developers, which calls for client teams to provide updated software by February 3 in order for Pectra to be activated on the Sepolia and Holesky testnets on February 12 and 19, respectively. On March 11, 2025, developers hope to release the final Pectra software in preparation for a potential mainnet upgrade.
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