Recently, the cryptocurrency market has once again become the focus, especially with Ethereum's impressive performance in July, where the price surged by 60% in just one month. However, the truth behind this surge is worth our in-depth exploration.



Unlike the commonly perceived technological breakthroughs or market recoveries, this price increase resembles a carefully orchestrated capital operation. Data shows that the main driving force behind this wave of market movement comes from U.S. stock ETFs and large institutional investors on Wall Street.

Specifically, BlackRock has purchased 600,000 Ethers, while Bitmine has bought 100,000 Ethers. At the same time, well-known investment institutions such as Pantera and Canter have also already made their moves. It is worth noting that although on-chain activity and transaction fee revenue have not significantly increased, new buying has reached an astonishing 1.8 million Ethers.

These sources of buying can be roughly divided into: 1 million from ETFs, 300,000 from listed companies, 400,000 from institutions and large holders, while retail investors only account for 100,000. This buying structure reveals a typical capital linkage strategy: ETFs provide a compliant entry point, listed companies take the opportunity to boost market value and create hotspots, investment institutions are responsible for shaping market narratives, ultimately passing this packaged 'financial product' to ordinary investors.

It is worth mentioning that this wave of operations on Wall Street is not only targeting Ethereum. Solana has also attracted attention, with a 65% increase in July and daily active users surpassing 1.6 million, driving a significant rise in meme coins within the related ecosystem.

In the face of this situation, investors need to remain rational and analyze market trends in depth, rather than blindly following the crowd. Although there may be price fluctuations in the short term, in the long run, what can truly sustain value is those projects with practical application value and technological innovation.
ETH7.11%
SOL14.16%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
SchroedingerGasvip
· 08-12 08:26
Again played people for suckers, I'm dying of laughter!
View OriginalReply0
OffchainOraclevip
· 08-09 09:49
Been Played for Suckers again.
View OriginalReply0
GateUser-74b10196vip
· 08-09 09:40
The retail investor is still that sucker.
View OriginalReply0
consensus_whisperervip
· 08-09 09:38
Play people for suckers again?
View OriginalReply0
OnchainHolmesvip
· 08-09 09:26
Is the bull run taking off? Or is it the time for suckers to get on board?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)