Ethereum News Today: Ethereum Whales Stake $5.26B as Altcoin Bulls Target $500 Solana

Ethereum (ETH) and Solana (SOL) have experienced significant price volatility in recent weeks, with both cryptocurrencies drawing attention from major institutional investors and crypto whales. Ethereum’s price currently hovers around $4,350, having recently surged over 60% in the past six months, while Solana trades near $185. Despite these gains, speculation remains high about whether the current price levels represent consolidation or the beginning of a larger bullish trend. Against this backdrop, some investors are choosing alternative strategies, such as allocating funds to Remittix, a platform that leverages Ethereum and Solana ecosystems for cross-border transactions and decentralized finance (DeFi) services.

Institutional confidence in Ethereum has grown substantially, as illustrated by Bitmine Immersion Technologies Inc, which has positioned itself as the third-largest corporate Ethereum treasury globally. The company, under the leadership of Tom Lee, has acquired over 1.174 million ETH, valued at $5.26 billion at the time of purchase. This aggressive accumulation reflects a broader industry trend where companies are transitioning from Bitcoin-centric strategies to Ethereum-based models. Bitmine’s pivot has been fueled by Ethereum’s robust smart contract ecosystem and its ability to generate yield through staking, which distinguishes it from Bitcoin’s static “digital gold” narrative.

The Ethereum spot ETF market has also seen record inflows, with $2.85 billion entering the sector in a single week, the largest weekly gain to date. This inflow surpasses the $548 million increase in Bitcoin spot ETFs over the same period. JPMorgan analysts have echoed this optimism, predicting “meteoric” growth for Ethereum, particularly as it serves as the foundation for approximately $138 billion in stablecoins issued as ERC-20 tokens. This dominance in the stablecoin sector, which is projected to reach $750 billion by 2026 according to Standard Chartered, has reinforced Ethereum’s central role in the broader crypto ecosystem.

Meanwhile, Solana has also attracted bullish attention. Crypto strategist Inmortal, who commands a large following on X, has set ambitious price targets for Solana, forecasting a 170% increase from its current price to $500 by the end of the bull market. Ethereum, in contrast, is expected to test a critical support level near $4,000 before potentially surging to $10,000. These forecasts underscore the growing enthusiasm for both networks, particularly as they continue to expand their use cases in decentralized applications and cross-border transactions.

Despite the bullish sentiment, the market remains volatile. A major Ethereum whale recently opened a $16.35 million long position using 25x leverage, betting that ETH will rebound above $4,300 and possibly move toward $4,750. This trade aligns with technical indicators suggesting a bullish reversal, including a developing falling wedge pattern on the ETH/USD daily chart. However, a drop to $4,046 would trigger liquidation of the position, highlighting the high-risk nature of leveraged trading in the crypto space.

In the face of such volatility, some investors are opting for more stable exposure to the Ethereum and Solana ecosystems through platforms like Remittix. These services offer real-world utility, enabling seamless cross-border payments and reducing reliance on speculative price movements. As institutional and retail investors continue to navigate the evolving crypto landscape, the interplay between price action, technological utility, and market sentiment will likely shape the next phase of growth for both Ethereum and Solana.

Source: [1] Tom Lee's $5 Billion Ethereum Bet Puts Bitcoin Maximalists ... (https://finance.yahoo.com/news/tom-lees-5-billion-ethereum-114604680.html) [2] JPMorgan Says Ethereum Is Poised for 'Meteoric' Growth ... (https://finance.yahoo.com/news/jpmorgan-says-ethereum-poised-meteoric-201517239.html) [3] Ethereum whale opens $16.3M long as ETH price eyes ... (https://cointelegraph.com/news/ethereum-whale-opens-16-3m-long-as-eth-price-eyes-bounce) [4] Crypto Trader Unveils Price Targets for Ethereum (ETH) ... (https://dailyhodl.com/2025/08/19/crypto-trader-unveils-price-targets-for-ethereum-eth-solana-sol-and-chainlink-link-for-altcoin-bull-market-top/)