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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
On September 15, the crypto assets market experienced a significant and noteworthy development. According to monitoring data from on-chain analysis expert Spot On Chain, four large-scale investors (commonly known as "Whales") collectively purchased approximately $234 million worth of Ethereum on the same day. This move immediately sparked widespread attention and discussion in the market.
Specifically, the operations of these four investors each have their own characteristics. Among them, an address starting with 0x9d2 withdrew 21,925 ETH from the Kraken exchange, with a total value of approximately 102 million USD. Another address beginning with 0x745 transferred 13,322 ETH from the FalconX platform, valued at around 61.7 million USD. Notably, this address currently holds a total of 22,556 ETH, with a total value reaching approximately 102 million USD.
Meanwhile, an address starting with 0x4d4 exhibited a more complex investment strategy. This address withdrew 4,208 ETH from Binance, then staked it on the Aave platform, and subsequently borrowed 26 million USDC stablecoins, using these funds to purchase 4,608 stETH (a derivative representing staked ETH). Finally, another address beginning with 0x9D9 withdrew a total of 5,297 ETH from both Binance and Bitget exchanges within 24 hours, worth approximately 24.7 million USD.
Such large-scale concentrated buying behavior is often seen as an important market signal in the Crypto Assets market. It may reflect that these large investors hold an optimistic view on the future development prospects of Ethereum. This series of operations has not only brought more market attention to Ethereum but also injected new vitality and expectations into the entire Crypto Assets market.
However, it is worth noting that the Crypto Assets market has always been highly volatile, and investors should maintain a cautious attitude and closely follow market trends. Although the behavior of large investors may indicate certain trends, the actual direction of the market depends on many factors, including but not limited to the global economic situation, changes in regulatory policies, and technological developments.
As news of this large-scale buying spreads, market participants will closely follow the subsequent performance of Ethereum prices and the potential impact this trend may have on the entire Crypto Assets ecosystem. In any case, this event once again proves that the Crypto Assets market is still vibrant, continuously attracting the attention and participation of various investors.