Due to market uncertainty, the early ETH whale exited with a $65 million profit booking, and Ethereum’s price could not hold above the $2,000 resistance.
The price of Ethereum has recently failed to recover over $2,000 levels, despite the bulls’ recent attempt. As some early ETH whales decide to make significant profit bookings, market watchers think there’s a good chance that ETH might collapse by another 50% to $1,000.
Ethereum price struggles to regain $2,000
As bulls are unable to retake control over $2,000 levels, Ethereum is still under some selling pressure amid the general market uncertainty. Before establishing new holdings in ETH, investors should exercise prudence, according to cryptocurrency researcher Ali Martinez.
Ethereum reaches $2,000. Great, but zoom out! Martinez said, “The big picture is brewing something bigger.” According to Martinez’s chart below, if bulls are unable to keep the price of Ethereum above $2,050, it might drop to the next support level at $1,500 and possibly lower to $1,095 levels, which is what he recently predicted would happen.
At the time of writing, the price of Ethereum is down 2.26% at $1,973, and its daily trading volume has dropped by more than 40% to $12.21 billion. In addition, open interest in ETH futures has decreased by 4% below $20 billion. Additionally, a recent forecast for the price of ETH suggests that the cryptocurrency will remain close to $2K for long time to come.
Early ETH whale sells 34,125 coins
According to blockchain analytics company SpotonChain, a significant ETH whale seems to have made a whopping $65.66 million, which is an incredible 4,156% return on investment. The whale’s holdings began in March 2017, when they paid an average of only $46.3 per token to purchase Ethereum via sites including as Changelly, Bitfinex, ShapeShift, and Binance.
A few hours ago, the whale, known as “0x086,” deposited all 34,125 ETH in its possession to the cryptocurrency exchange Coinbase. The average Ethereum price at the time of this transaction was $1,970.
The ETH whale activity is still erratic at the moment since some major players are shifting their holdings from exchanges to staking in order to increase their payout. In particular, they are the long-term Ethereum holders who are holding with diamond hands.
BlackRock explains why Ethereum ETFs are struggling
There is no significant respite for spot Ethereum ETFs, even as the price of Ethereum is aiming for a relief bounce over $2,000. As of March 2025, the withdrawals have persisted, indicating a significant decline in institutional sentiment.
Robbie Mitchnick, head of digital assets at BlackRock, gave an explanation of the true cause of this decline during his speech at the Digital Asset Summit (DAS) in New York City. Mitchnick pointed out that the lack of staking made the launch “less perfect” and speculated that the ETFs could have done better if they had.
“A staking yield is a meaningful part of how you can generate investment return in this space. And all the [Ether] ETFs, of course, at launch did not have staking,” he said.
Bitwise, a cryptocurrency asset management, submitted a proposal on Thursday to allow staking on Ethereum ETFs. In order to permit the listing and trading of shares for the Bitwise Ethereum ETF, the New York Stock Exchange (NYSE) has suggested changes that would include staking capabilities.
Japan’s Metaplanet appoints Eric Trump to new strategic board of advisors
The industry’s “influential voices, speakers, and thought leaders” are the target audience for Metaplanet.
Eric Trump was named the first member of the Strategic Board of Advisors, which was announced by Tokyo-based Bitcoin-stacking startup Metaplanet.
US President Donald Trump’s second son, Eric Trump, has long been an evangelist for cryptocurrency and recently issued a warning to Wall Street: embrace it or perish.
The business claimed in a statement on Friday that his employment will encourage the Metaplanet’s “Bitcoin adoption.”
“As a globally recognized business leader and entrepreneur, Eric Trump brings a wealth of experience in real estate, finance, brand development, and strategic business growth and has become a leading voice and advocate of digital asset adoption worldwide.”
*Metaplanet Appoints Eric Trump to Strategic Board of Advisors* pic.twitter.com/v3CaFgLJkW
— Metaplanet Inc. (@Metaplanet_JP) March 21, 2025
Advisory committee to foster Bitcoin adoption
Additionally, the business stated that “influential voices, speakers, and thought leaders” from the industry will be part of Metaplanet’s Strategic Advisory Committee.
“We are honored to welcome Eric Trump as the first member of our Strategic Board of Advisors and look forward to welcoming him to our annual meeting,” Simon Gerovich, Representative Director of Metaplanet Inc, noted.
The business, commonly referred to as “Asia’s MicroStrategy,” is the 12th largest corporate Bitcoin holder, according to Bitcoin Treasuries by Bitbo.
As of this writing, Metaplanet possesses 3,200 Bitcoins valued at $271 million. The sum follows the company’s purchase of 150 Bitcoin on Tuesday as part of its continuous accumulation plan. By the end of 2025, the corporation wants to own 10,000 Bitcoin, and by 2026, 21,000 Bitcoin.
Metaplanet aims to assemble “top-tier advisory talent”
In addition to increasing its BTC usage, the announcement stated that the creation of a Strategic Board of Advisors will “strengthen its position as a global leader in the Bitcoin economy.” Additionally, Metaplanet wants to provide the committee with “top-tier advisory talent.”
“As Metaplanet continues to expand its Bitcoin treasury and develop innovative financial products, the Company remains committed to, and focused on, delivering long-term value to its shareholders.”
Binance co-founder’s endorsement sends BUBB meme coin soaring over 1000%
After BUBB, a meme coin created on top of the Binance Smart Chain (BSC), surged 1051% in a single day, the cryptocurrency world is in shock today.
Questions over BUBB’s potential and the cause of its rapid increase were raised when its market value reached an astounding $20.44 million.
Binance co-founder endorses BUBB meme coin
Yi He, a co-founder of Binance, interacted with the meme coin’s official account on X (previously Twitter), which served as a significant impetus for BUBB’s value spike. She unintentionally encouraged investors by giving the idea legitimacy in this way.
“The surge in the coin today is due to the interaction between Yi He and the official account BUBB account,” a popular user on X noted.
This assertion was supported by Ai, a well-known user on X, who claimed that BUBB’s market worth surpassed $20 million as a result of Yi He’s interactions with and following of the official Twitter account. Due to Binance’s prominence in the cryptocurrency market, traders and speculators have taken an interest in BUBB as a result of this engagement.
As of this writing, the BUBB meme currency was trading at $0.01762, according to data on CoinGecko. This indicates an almost 310% increase over the previous day.
The inclusion of BUBB meme coins on several cryptocurrency exchanges, including as BitMart and AscendEX, is another factor contributing to the increase. The liquidity and accessibility of BUBB have been greatly enhanced by these new listings, drawing in more buyers and raising trading volume.
BitMart’s official support website attests to this progress, which shows that BUBB’s potential is being more widely acknowledged by institutions.
Furthermore, the BUBB meme coin fever has only been heightened by reports of a trader who transformed a meager $304 investment into an incredible $482,000. This trader had originally purchased 43.94 million BUBB tokens and sold 28.9 million for almost $122,000, according to on-chain statistics provided by Lookonchain.
According to reports, they still own 15.64 million tokens, which are worth about $360,000. The excitement surrounding BUBB has increased as a result of that noteworthy 1586X return, drawing in more speculative traders seeking to duplicate that level of success.
Turned $304 into $482K on $BUBB—a 1,586x return!😱
This trader spent only $304 to buy 43.94M $BUBB and sold 28.9M $BUBB for $122K, leaving 15.64M $BUBB($360K).
Address:https://t.co/rmQrvjyEPzhttps://t.co/e4bNqntYyU pic.twitter.com/H57HsFTQiy
— Lookonchain (@lookonchain) March 21, 2025
BUBB developers still hold significant supply
On-chain data indicates that 2.87% of the total token supply is still held by the BUBB developers. According to reports, the developers made a $580,000 profit thus far with an initial investment of just 0.31 BNB. This indicates a 3028X return rate.
Most notably, they sent 10 million BUBB, or 1% of the whole supply, to Changpeng Zhao’s address for public donations. Analyst Ai believes that this may be a calculated move to acquire more credibility.
“It bought 3.87% of the chips at a cost as low as $0.000004878 and transferred 10 million of them to CZ’s public donation address 27 hours ago (accounting for 1% of the total), and the rest has not been sold yet,” the analyst added.
In the meantime, BUBB is spearheading the meme currency industry’s comeback. Running on the BNB chain, BUBB is dominating on data related to total transaction volume, outperforming competitors like the Mubarak token.
However, even if BUBB’s growth is unquestionably remarkable, concerns regarding its sustainability still exist. It is troubling that there are only 6,099 distinct holders as of this writing, indicating that ownership of the coin is still quite concentrated.
Furthermore, the history of meme currencies indicates that steep declines are frequently preceded by quick increases. But with the help of prominent opinion leaders, expanding exchange listings, and a vibrant community, BUBB has the potential to emerge as one of the top meme coin chart movers of the present day.
