Whale withdrew 2,009 $ETH ($8.53M) from Binance for staking, yielding $13.53M profit.

Whale withdrew 2,009 $ETH ($8.53M) from Binance for staking, yielding $13.53M profit.

Ethereum (ETH) has experienced a significant rally, driven by unprecedented inflows into U.S. spot ETFs and increased institutional interest. As of July 2, 2025, the price of Ethereum has surged to $4,170, setting a potential target of $6,800 [1]. The recent surge is fueled by $326 million in inflows this week alone, totaling $9.8 billion over 14 weeks [1]. This momentum has propelled Ethereum's price to a nearly 200% increase from its yearly low.

Whale accumulation has also played a role in the market, as seen with the Pepe token, which rose 135% amid Ethereum's rebound [1]. Additionally, Pendle's total value locked (TVL) has hit a record $8.27 billion, showcasing growing interest in yield-trading platforms [1]. SharpLink Gaming withdrew 17,655 ETH, valued at approximately $72.7 million, from a centralized exchange, indicating significant movement in the Ethereum ecosystem [1].

The Ethereum Proof of Stake (PoS) network is witnessing shifts in validator queues, with a notable decrease in new staking demand [1]. As Ethereum approaches its all-time high, the market is abuzz with optimism, suggesting a bullish outlook for the cryptocurrency landscape.

References:
[1] https://m.economictimes.com/crypto-news-today-live-09-aug-2025/liveblog/123195194.cms