EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens

Restaking protocol EigenLayer has unveiled its highly anticipated airdrop season, during which eligible users can claim a portion of the initial EIGEN token supply.  EigenLayer Sets September 2024 Deadline The protocol’s announcement on Friday revealed that “Season 1” commences with 6.05% of the total supply, which users can claim starting on May 10.  Moreover, “Season… Continue reading EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens

Change Of Heart: Crypto Scammer Returns $34.7 Million To Victim’s Address

A week ago, a crypto whale fell victim to a scam that resulted in the loss of over $71 million. In the following days, the scammer moved the funds to veil them. But in a shocking turn of events, they returned the funds to the victim. Address Poisoning Scam Snatches $71 Million On May 3,… Continue reading Change Of Heart: Crypto Scammer Returns $34.7 Million To Victim’s Address

Ethereum Foundation Moves 1,000 ETH – Is The Top In?

significant amount of ETH. Given what this transaction could imply, it has drawn the crypto community’s attention, which is already speculating about whether the market top might be in.  Ethereum Foundation Moves 1,000 ETH On-chain analytics platform SpotOnChain revealed in an X (formerly Twitter) post that the Ethereum Foundation transferred 1,000 ETH ($3 million) to… Continue reading Ethereum Foundation Moves 1,000 ETH – Is The Top In?

Ethereum Price Signals Fresh Increase Unless Fails To Surpass $3,080

Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend… Continue reading Ethereum Price Signals Fresh Increase Unless Fails To Surpass $3,080

Crypto Analyst Says Ethereum Price Will Drop To $2,500, Here’s Why

The Ethereum price has been closing mirroring the performance of Bitcoin recently and since the Bitcoin price has been on a downtrend, the ETH price has followed. However, Ethereum on its own seems to possess more bearish fundamentals compared to Bitcoin, leading crypto analysts to believe that the second-largest cryptocurrency by market cap will fall… Continue reading Crypto Analyst Says Ethereum Price Will Drop To $2,500, Here’s Why

Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support

Ethereum price is extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels. Ethereum remained in a bearish zone and traded below the $3,000 level. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a… Continue reading Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support

Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How

Ethereum price is correcting gains from the $3,220 resistance. ETH could start a fresh increase if it clears the $3,055 and $3,080 resistance levels. Ethereum started a fresh decline after it faced resistance near $3,220. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming… Continue reading Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How

Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing

Ethereum has put on a disappointing performance for its investors over the last few weeks, leading to concerns on whether the second-largest cryptocurrency by market cap has lost its shine. The cryptocurrency continues to skirt around the $3,100 level, not making any significant breaks upward. This points to weak fundamentals that could trigger a price… Continue reading Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing

Ethereum’s Wild Fluctuations: Here’s What ETH Implied Volatility Tells Us

The cryptocurrency market has recently exhibited distinct divergences in the behavior of its two leading assets, Bitcoin and Ethereum. While Bitcoin appears to be stepping into a phase of relative stability, Ethereum’s journey paints a contrasting picture of sustained uncertainty, particularly in its options market. This divergence is highlighted by the sustained high levels of… Continue reading Ethereum’s Wild Fluctuations: Here’s What ETH Implied Volatility Tells Us

Here’s How This Ethereum Whale Made $16 Million From A Single Trade

An Ethereum whale was recently revealed to have made $16 million from a single trade involving the second-largest crypto token by market cap. This whale’s story again highlights how conviction in an investment can be very rewarding in the crypto space.  How This Ethereum Whale Made $16 Million In A Single Trade On-chain analytics platform… Continue reading Here’s How This Ethereum Whale Made $16 Million From A Single Trade