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875% Dogecoin Liquidation Imbalance, DOGE Price to Explode?
NFT Gaming

875% Dogecoin Liquidation Imbalance, DOGE Price to Explode?

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Dogecoin (DOGE), the king of meme coins, has registered a significant uptick in price. In the last 24 hours, the price climbed by more than 11%, setting up a liquidation imbalance of 875% within the past hour.

Bearish traders hit hard as DOGE price surges

As per CoinGlass data, bearish traders suffered more as they were stunned by the price shift. Short position traders saw $700,590 as the price of the meme coin rose steadily following a shift in broader market dynamics.

As of this writing, Dogecoin is changing hands at $0.2359, representing an 11.34% increase in the last 24 hours. DOGE soared to an intraday peak of $0.2417 before experiencing a slight decline.

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The trading volume remains high as it spiked by 165.15% to $5.42 billion in the last 24 hours. This suggests that investors are excited by the increased price performance in the Dogecoin ecosystem.

Meanwhile, those betting long on DOGE also witnessed a negligible loss of $71,880 within the same time frame. The broader market dynamics and rotation of funds into altcoins have paid off for DOGE in the last 24 hours. Investors are embracing riskier assets in the market as recovery kicks in.

Additionally, Dogecoin’s correlation with Bitcoin, the flagship cryptocurrency, has supported the current rebound move of the meme coin. Notably, Bitcoin has, within this same time frame, achieved stability above the $115,000 level.

Is Dogecoin price rally toward $0.30 possible?

Interestingly, less than 96 hours ago, popular on-chain analyst, Ali Martinez, had hinted that DOGE was consolidating and preparing for a possible 40% price increase.

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As highlighted by Martinez, the meme coin could take a while before it attains this level of price gain. If it materializes, the asset could hit $0.30.

A lot might rest on the activities of ecosystem bulls to push prices up to $0.30. Worthy of mention is that Dogecoin whales have been active in the last 10 days. Whales purchased a total of 400 million DOGE valued at over $90.79 million amid the price dip.



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These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos
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Morpho price set for a 60% jump as top metrics hit record highs

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Morpho price continued its strong rally this week, hitting its highest level since February amid robust demand for its lending solutions. 

Summary

  • Morpho token has jumped by 245% from the year-to-date low.
  • The total deposits in its platform jumped to $10 billion.
  • Technical analysis points to more gains this year.

Morpho (MORPHO) token jumped to a high of $2.8567, up by over 245% from its lowest level in March. Its market cap has soared to $867 million, while its 24-hour volume was up by 24%. 

Morpho price has rallied because of the ongoing demand of its solutions. Data on its website shows that the total deposits in its platform crossed the $10 billion milestone this week. Its issued loans have soared to over $3.6 billion. 

According to DeFi Llama, the total value locked in Morpho soared to a record high of $7 billion, up from $2.5 billion in April this year. 

Most of Morpho’s growth accelerated after its integration on Coinbase, the biggest crypto exchange in the US. Its integration gave it access to millions of users, a trend that may continue after the launch of The Base App. 

Morpho offers a platform where users can deposit their funds and earn a return. It differs from other platforms in that users can select their preferred pools to deposit their funds. Users can also use their crypto assets as collateral for loans. 

Morpho is one of the several players that are disrupting the crypto lending industry, which has accumulated over $100 billion in deposits. The others are popular names like AAVE and Maple Finance.

Morpho price technical analysis

Morpho price chart | Source: crypto.news

The daily chart shows that the Morpho token price has rebounded in the past few weeks. It jumped from a low of $0.8186 in April to nearly $3 today.

Morpho has crossed the important resistance level at $2.2570, where it formed a double-top chart pattern with a neckline of $1.5700, its lowest point on Aug. 2. 

Morpho price has moved above the 50-day Exponential Moving Average, a sign that bulls are in control. The Supertrend indicator has turned green, while oscillators are rising.

Therefore, the Morpho token price will likely continue rising as bulls target the year-to-date high of $4.1715, which is 60% above the current level.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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Eric Trump’s BTC Price Predictions, Acquisition Plans, and Metaplanet Visit

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Eric Trump is deepening his role in digital assets with reported plans to attend a shareholder meeting in Tokyo, public predictions about bitcoin’s price, and new corporate ventures that extend the Trump family’s crypto push into Asia.

Bloomberg reported Friday that Trump will join a Sept. 1 shareholder meeting of Metaplanet, a Japanese company following Michael Saylor’s Strategy (formerly, MicroStategy) playbook, citing people familiar with the matter. Trump was appointed as a strategic adviser in March. His Tokyo stop will apparently follow an appearance at the Bitcoin Asia conference in Hong Kong on Aug. 28–29.

A day earlier, Trump appeared at the Wyoming Blockchain Symposium, where he described himself as a “bitcoin maxi” and said he now spends more than half his time on crypto projects. He predicted bitcoin would reach $175,000 by the end of 2025 and eventually climb past $1 million. He argued that bitcoin and blockchain could address flaws in traditional finance, such as slow payments and settlement processes.

The Financial Times reported onAug. 15 that American Bitcoin — a miner and treasury company co-founded by Eric Trump and his brother Donald Trump Jr. — is exploring acquisitions of listed firms in Japan and Hong Kong to use them as vehicles for stockpiling bitcoin, following the playbook pioneered by Michael Saylor’s MicroStrategy. The company is preparing to go public in the U.S. through a reverse merger with Nasdaq-listed Gryphon Digital Mining. Eric Trump is a co-founder and the chief strategy officer.

American Bitcoin emerged in May from a reorganization of American Data Centers, a Trump-linked entity that absorbed rigs from Canadian operator Hut 8. The firm has said it aims to become the world’s most efficient bitcoin accumulation platform, combining active treasury management with new coin production.

The Trumps’ crypto ambitions extend beyond Eric Trump. Trump Media & Technology Group, parent of Truth Social, raised more than $2 billion in the second quarter to create a bitcoin treasury. President Donald Trump disclosed in June $57 million in income from World Liberty Financial, a crypto startup launched last September.

Together, these moves highlight how Eric Trump and his family are aligning themselves with crypto at a time when Japan and Hong Kong are competing to attract digital asset firms.

Japan’s Financial Services Agency (FSA) will approve the first yen-denominated stablecoin as early as this fall. Meanwhile, Hong Kong has introduced the Stablecoins Ordinance, a regulatory framework that requires fiat-referenced stablecoin issuers to obtain a license from the Hong Kong Monetary Authority (HKMA).



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ETHZilla’s NASDAQ relaunch puts $419m Ethereum treasury in the spotlight
Crypto Trends

Why is Ethereum price going up today? (Aug 23)

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Ethereum price is going up today, Aug. 23, and is hovering at its all-time high, continuing a strong comeback that started in April when it bottomed at $1,383. 

Summary

  • Ethereum price jumped to a record high after Jerome Powell’s speech at the Jackson Hole Symposium.
  • It also jumped after retesting a crucial support level, its highest point in December last year.
  • Ethereum ETF inflows resumed on Thursday and continued on Friday.

Ethereum (ETH) jumped to a record high of $4,877, bringing its market capitalization to $572 billion. This article explores some of the top reasons the ETH price is soaring. 

Ethereum price is rising because of its strong technicals

The daily timeframe gives a technical reason why the Ethereum price is in a strong bullish trend. This chart shows that the coin dropped to $4,093 this week as the crypto market crashed. This was an important level as it coincided with the highest point in December last year.

Therefore, the Ethereum price jumped to a record high after completing the break-and-retest pattern, a common continuation sign. This happens when an asset breaks out and then retests the support and resistance level. It is one of the most common bullish continuation signs. 

Ethereum price also has strong technicals, including that it remains above the 50-day and 100-day moving averages. The Supertrend indicator is green, while oscillators have all pointed upwards. These indicators point to more gains, potentially to $5,000.

ETH price chart | Source: crypto.news

ETH price soared after Jerome Powell’s speech 

The other main reason why the Ethereum price is going up today is that investors cheer the rising odds that the Federal Reserve will slash interest rates in September. 

In a statement at the Jackson Hole Symposium, Powell hinted that he was concerned about the labor market after the recent nonfarm payrolls data.

The report showed that the economy added just 73,000 jobs in July while the unemployment rate rose to 4.2%. It also showed that the economy created fewer jobs than expected in the previous two months.

A change in tune by the Fed Chair would be bullish for Ethereum and other cryptocurrencies as it would help to shift assets from the low-risk bond market to the riskier ones.

Ethereum price also jumped as inflows into its exchange-traded funds rebounded. After shedding assets for four straight days, ETH ETFs added $287 million in assets on Thursday and more on Friday. Their cumulative inflows have soared to $12.4 billion, while the total assets have risen to $30.54 billion.

More data shows that the Ethereum ecosystem is doing well, with the total stablecoin supply jumping by 10% in the last 30 days to $147 billion and the total transactions rising to $880 billion in the same period. This growth has led to higher revenues for the project.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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Crypto Trends

Watch Out For XRP and Solana as Price Action Flashes Bullish Signals, Analyst Says

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XRP and Solana are showing signs of strength again, with traders pointing to both institutional flows and technical setups as catalysts for a fresh rally.

XRP is back above $3 after slipping under its 50-day moving average earlier this week, when whale selling dragged the token as low as $2.72. The rebound has traders watching for a break of $3.10 that could validate a move toward $4.

“With institutional adoption, ODL usage, and ETF optimism, the potential for $3 to $5 price levels remain realistic by year-end,” said Ryan Lee, chief analyst at Bitget, in a Saturday note to CoinDesk.

The bullish view follows months of regulatory wins for XRP and growing optimism that ETF products could unlock new demand. While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.

Solana’s rally looks equally notable. SOL jumped 10% in 24 hours to trade near $206, with momentum clustering in the $175–$180 range. ETF-driven staking demand and growing DeFi activity have pushed both open interest and total value locked higher, strengthening the case for continuation.

If the token holds above $180 and clears $205–$210 with conviction, traders see upside toward $250–$260 in the near term. Some models stretch the target as high as $300 if momentum persists and ETF clarity arrives.

If both sustain technical resilience, they could define the next leg of altcoin performance into the back half of 2025, Lee concluded.



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XRP Rockets 7457.83% in Liquidation Imbalance Amid Sudden Price Reversal
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XRP Rockets 7457.83% in Liquidation Imbalance Amid Sudden Price Reversal

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  • XRP liquidation flips against bears
  • XRP rebounds above $3

The crypto market has seen a shocking shift in investors’ sentiments, and XRP has shown a crazy price surge in the last hour. 

Amid this sudden price surge, XRP has experienced a mild liquidation event during the period, according to data provided by Coinglass.

Following the event, XRP has seen its short traders suffer a massive liquidation bloodbath worth millions of dollars against traders who have placed their bets on the token’s upsurge.

XRP liquidation flips against bears

According to the data, the total amount of XRP liquidated over the last hour crossed a massive $5 million. While long traders had only been liquidated with just $595,000 worth of XRP, the sudden price reversal saw short traders suffer the most losses, with over $4.44 million of their XRP bets wiped off. This marked a massive liquidation imbalance of 7,457.83% in just an hour.

The one-sided liquidation, which favored the XRP bulls, happened when the third-largest cryptocurrency by market capitalization experienced a sudden reversal in market sentiment. This saw the price of XRP surge massively above the long-resisted $3 on August 22.

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The massive price surge came as a surprise, as the token had started the day on the bear’s side, falling as low as $2.8099 on the same day.

While the hourly liquidation trend had caught XRP bear traders off guard, it has bolstered the confidence of investors, restoring hopes for the anticipated $5 target.

XRP rebounds above $3

Following the rapid surge in the price of XRP, the asset now reflects a daily price increase of over 5% despite showing significant price declines during the early hours of the day. On Friday, August 22, XRP traded between an intraday low of $2.798 and an intraday high of $3.05.

Although the market appears to be faced with high price volatilities, the unexpected liquidation event suggests that the market might still be looking for some upside, causing traders to switch positions in efforts to avoid further losses.

While the rally had just started today with leading cryptocurrencies BTC and ETH also flipping positive after multiple days of trading downwards, it appears that the rally might be far from over. The rapid surge has returned the XRP bulls to the winning scene and poised them for more potential gains.



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Scott Pilgrim 20th Anniversary Box Set With PS2-Inspired Case Gets $150 Price Cut
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Scott Pilgrim 20th Anniversary Box Set With PS2-Inspired Case Gets $150 Price Cut

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Scott Pilgrim 20th Anniversary Graphic Novel Box Sets are on sale for 60% off at Amazon. Fans of Bryan Lee O’Malley’s superb series can get the remastered full-color or black-and-white collector’s edition set for only $100 (was $250). The full-color edition is temporarily out of stock, but Amazon is still letting customers purchase the deal (for now).

Both of these deals are shipped and sold by Amazon. If you’re interested in the full-color version, you probably should pick it up soon. Amazon often turns off the ability to buy out-of-stock products. There are a bunch of reseller listings on Amazon for these collections, but with such a pricey set, it’s wise to ensure it ships from Amazon, just in case you have an issue when it arrives.

The 20th Anniversary Box Sets were revealed back in 2023 and released at Amazon and select bookstores in the US last August. Barnes & Noble is still charging $200 for the color edition and the full $250 for the black-and-white set.

Scott Pilgrim 20th Anniversary Box Sets:

  • Available in full-color or black-and-white
  • All 6 Volumes of Scott Pilgrim, redesigned with new artwork by Bryan Lee O’Malley
  • Clamshell Collector’s Box with new artwork by Bryan Lee O’Malley
  • “Making of Scott Pilgrim” comics compilation and other comics
  • Collectible sticker sheet
  • Mystery collectibles from the world of Scott Pilgrim

Scott Pilgrim 20th Anniversary Graphic Novel Box Sets

More Graphic Novels by Bryan Lee O’Malley

If you love Scott Pilgrim, we highly recommend checking out O’Malley’s other two graphic novels. Notably, you can get the hardcover edition of Seconds: A Graphic Novel for only $13.55 (was $30). Written and illustrated by O’Malley, Seconds was a No. 1 New York Times Bestseller in 2014. Another great one to check out is Lost at Sea, which O’Malley wrote before Scott Pilgrim. It was published months before Scott Pilgrim’s debut. Lost at Sea’s 10th Anniversary Edition is available for $18 (was $25) in hardcover.

To help you compare Scott Pilgrim’s 20th Anniversary Box Sets to other editions, we rounded up all of the Scott Pilgrim hardcover, paperback, compendium, and box sets Oni Press has published over the years. We focused solely on Scott Pilgrim editions that are still in print and readily available for retail price or less.

Scott Pilgrim: Color Collection Paperback Compendiums

In 2019, Oni Press published the Color Editions as paperback compendiums with two volumes each. The Color Collection is in print today, but the slipcase box set edition is only available from resellers. All three compendiums would cost you roughly $72 (was $90) right now.

  1. Vol. 1-2 (368 pages) — $17.69 ($30)
  2. Vol. 3-4 (414 pages) — $24.22 ($30)
  3. Vol. 5-6 (430 pages) — $30

Scott Pilgrim: Precious Little Slipcase Collection (B&W)

Scott Pilgrim Precious Little Slipcase Collection

If you’d like to read Scott Pilgrim’s black-and-white editions in their original format, the Precious Little Slipcase Collection is a great choice. Oni Press published this box set way back in 2010, but it has remained in print ever since. This one pairs well with the 20th Anniversary Color Edition Box Set, because it’s cool to compare O’Malley’s original pencil sketches to the remastered Color Editions. This set comes with an awesome slipcase with exclusive case art and an exclusive poster.

Scott Pilgrim’s original black-and-white digests are still in print and retail for $15 each. With Amazon’s current prices, all six volumes would cost you about 10 bucks more than the Precious Little Slipcase Collection.

Scott Pilgrim B&W Editions (Paperback)

  1. Precious Little Life (168 pages) — $12.49 ($15)
  2. Scott Pilgrim vs. the World (200 pages) — $10 ($15)
  3. Scott Pilgrim & the Infinite Sadness (192 pages) — $12 ($15)
  4. Scott Pilgrim Gets It Together (216 pages) — $15
  5. Scott Pilgrim vs. the Universe (184 pages) — $6.81 ($15)
  6. Scott Pilgrim’s Finest Hour (248 pages) — $10.46 ($15)

Scott Pilgrim Print Collection (2004-2024)

Scott Pilgrim Print Collection 2020-2024

Shortly after publishing the 20th Anniversary Box Sets last year, Oni Press released the Scott Pilgrim Print Collection 2004-2024. This commemorative collection includes 21 full-color art prints measuring 9 x 12 inches each. All of the illustrations are printed on cardstock and are designed to be displayed with or without frames. Amazon has the Scott Pilgrim Print Collection for $23 (was $30).

More Graphic Novels by Bryan Lee O’Malley

If you love Scott Pilgrim, we highly recommend checking out O’Malley’s other two graphic novels. Notably, you can get the hardcover edition of Seconds: A Graphic Novel for only $13.55 (was $30). Written and illustrated by O’Malley, Seconds was a No. 1 New York Times Bestseller in 2014. Another great one to check out is Lost at Sea, which O’Malley wrote before Scott Pilgrim. It was published months before Scott Pilgrim’s debut. Lost at Sea’s 10th Anniversary Edition is available for $18 (was $25) in hardcover.

$16.36 (was $25)

Scott Pilgrim’s 2010 movie adaptation is available for cheap on 4K Blu-ray, 1080p Blu-ray, and DVD.

Scott Pilgrim vs. the World Editions:

Like the graphic novels, Scott Pilgrim tells the tale of Scott and his quest to win the girl of his dreams, Ramona Flowers. The only problem? Her seven Evil Exes, former partners of Ramona, who stand in his way. Along the way, both Scott and Ramona come to terms with their past as their relationship grows stronger and they become more mature.

As usual, the source material is better, but Scott Pilgrim vs. the World is a really well-made adaptation that captures the tone and aesthetic of O’Malley’s series. Directed by Edgar Wright with Michael Cera in the lead role, the 2010 movie has spectacular visual effects and cinematography. It’s one of the best examples of a movie that genuinely feels like you’re flipping through the pages of a comic book. There’s nothing quite like it, which also sort of explains why it performed so poorly at the box office.

The film has garnered a dedicated fan base over the years, and the same could be said about the tie-in beat-’em-up video game that released the same day as the movie. After the game was delisted in 2014, an outpouring of support from fans undoubtedly helped make the 2021 Complete Edition for modern platforms a reality.

Most recently, Scott Pilgrim was adapted into an animated Netflix series. Scott Pilgrim Takes Off tells a different story than the graphic novels and movie adaptation, but all of the actors in the movie voiced their characters in the show. The series was co-developed and co-written by Bryan Lee O’Malley. As a Netflix original, Scott Pilgrim Takes Off isn’t available on Blu-ray.



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180,000,000 ADA in Massive Buying Spree, Price Up 9%
NFT Gaming

180,000,000 ADA in Massive Buying Spree, Price Up 9%

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After multiple days of mimicking the broader crypto market downtrend, Cardano has suddenly flipped to the gainers’ side on August 22nd. 

This positive trend witnessed today appears to have been spurred by the massive Cardano whale activity recorded over the last two days, according to data shared by popular crypto analyst Ali Martinez.

According to Ali, Cardano whales have scooped up 180,000,000 ADA in the last 24 hours, a bullish move signaling resilience among large investors despite the recurring market bloodbath.

$167 million in ADA in 2 Days

While the market had only flipped positive today with Cardano seeing a sudden shift in investors’ sentiments, the data suggests that the whales had doubled down on ADA while it was on the downside.

Per ADA’s price as of press time, the total ADA tokens scooped by Cardano whales over the last 2 days is worth over $167 million, signaling renewed confidence among investors.

While whales play the role of large investors who own a significant amount of the concerned cryptocurrency, the sustained interest by the large holders despite negative trends hints at a decisive attempt to buy the dip on Cardano.

Following the massive price surge witnessed today, ADA touched a notable low of $0.82 on August 22nd and surged massively by over 9% a few hours after then. As such, the tenth-largest cryptocurrency by market capitalization has hit an intraday high of $0.93 on the same day.

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While Cardano’s ADA has traded below $0.8 during the period of the accumulation, its massive price surge suggests massive gains for the holders of the major 180,000,000 ADA tokens.

With the positive performance displayed by the asset, optimism surrounding Cardano has surged significantly as speculations predicted more rally ahead. Recent developments in the crypto ecosystem suggest institutional demand and adoption of Cardano have continued to rise.

The massive whale activity involving ADA suggests renewed confidence in Cardano’s structural values for big businesses, as the trend suggests the asset is becoming the center of attraction among high-profile investors and institutional investors.

Although ADA had just kickstarted its price surge today, investors are positive that there are more price rallies ahead which could see the asset break out to achieve a new ATH.



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Ethereum Price Surges To $4,830 With Trading Volume Spiking 93%
Crypto Trends

Ethereum Price Surges to $4,830 with Trading Volume Spiking 93%

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Ethereum (ETH) is knocking on the door of the $5000 milestone after a powerful surge saw its price climb to $4,830. The impressive rally, which gained momentum on Friday, has the cryptocurrency community buzzing with anticipation for a potential new all-time high over the weekend.

The latest data confirms a staggering 14.2% gain in the last 24 hours alone, but the most telling sign of the current frenzy is a massive 93% explosion in trading volume, which has surged to nearly $70 billion.

The latest data confirms a staggering 14.2% gain in the last 24 hours alone, but the most telling sign of the current frenzy is a massive 93% explosion in trading volume, which has surged to nearly $70 billion.

The upward momentum appears to be fueled by a confluence of positive market sentiment and growing institutional interest. A key catalyst was the dovish stance from U.S. Federal Reserve Chair Jerome Powell, which has bolstered investor confidence across the broader financial markets, including cryptocurrencies.

Institutional Moves and On-Chain Catalysts

The recent surge in the market didn’t just happen by chance. Whales and corporate investors have been quietly stacking up on ETH, even while BlackRock, Fidelity, and Grayscale ETFs were offloading their shares. 

Buyers have taken in $148 million worth of Ethereum, which has helped maintain the upward momentum. In addition, DBS Bank tokenized $1 billion in notes directly on the Ethereum network. 

This makes it the first time a major Asian bank deployed regulated products on ETH’s blockchain. As a result, Ethereum’s role as financial infrastructure keeps strengthening.

Additionally, the Pectra upgrade is still attracting validators. Improved staking efficiency has become another magnet for institutional demand. The upgrade’s momentum, with whale activity, has provided a solid foundation for Ethereum’s rapid climb.

Will ETH Soar to $5000 Over the Weekend?

Technical indicators are also flashing bullish signals for Ethereum. Short-term technical analysis reveals a strong buying sentiment, with daily and weekly charts indicating continued upward potential.

The dramatic increase in market activity and the intense buying pressure and conviction behind the current move, adding significant weight to the possibility that ETH could conquer the $5,000 level this weekend.

A technical analysis of the recent price action further bolsters the bullish case. An Elliott Wave chart pattern, a popular tool for tracking market cycles, suggests that Ethereum is currently in its fifth and final upward wave of the present cycle. 

This analysis projects a potential target well beyond $5,000, with some traders eyeing a move towards the $6,000 level in the near future. The Relative Strength Index (RSI), a momentum indicator, is currently at 66.75, indicating strong momentum without being in immediate overbought territory, leaving room for further upside.

Analysts Outline Ethereum’s Cycle Blueprint

Crypto analyst Merlijn The Trader explained on X that Ethereum’s price cycle has followed a clear pattern. He wrote: “2017: Range. Expansion. Mania 2020: Range. Expansion. Mania 2025: The same structure is complete. The next move? Not sideways. Not down. But up into the most explosive phase $ETH has ever seen.”

Moreover, analyst Javon Marks pointed out that Ethereum has broken through a critical resistance. “After a nearly +300% increase from our original analysis at ~$1,215 and plenty of patience, prices of $ETH has met and broken our $4,811.71 target and is now above it!” He added that ETH could climb another 75% toward $8,557.68 if momentum holds.

Hence, analysts view Ethereum’s current setup as a continuation of its decade-long rhythm of sharp rises, corrections, and explosive recoveries.

Institutional investors have recently been procuring large amounts of Ethereum while major banks continue to adopt it. Also, there have been some interesting underlying historical trends, with the majority of crypto analysts eyeing higher highs.

Ethereum is moving at full speed, and the market is reacting to it. The global crypto market cap has jumped to $4.02 trillion, a 5.29% daily rise. Trading activity also exploded, with $224.85 billion exchanged in 24 hours, a 46.18% surge.

Also Read: Trump’s World Liberty Scoops Up $5M in Ethereum at $4,670





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Ethereum Hits All-Time High Price After Nearly 4 Years

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In brief

  • Ethereum hit a new all-time high price, breaking a record set back in 2021.
  • The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak.
  • Institutional adoption and a favorable regulatory landscape have helped the coin in recent months.

Ethereum hit a new all-time high price on Friday, breaking a nearly four-year record following recent gains fueled by surging ETH treasuries, an increasingly favorable regulatory environment for the protocol, and growing interest from traditional finance firms.

The second-largest cryptocurrency by market cap is up 15% over the past 24 hours to $4,879, surpassing its previous record of $4,878 set in November 2021, data from CoinGecko shows.

ETH has more than doubled in price over the last two months to outpace even Bitcoin as investors flood into the exchange-traded funds. After coming close to a new record on August 14, the price of ETH dipped alongside the rest of the market, dropping to under $4,100 earlier this week.

But on Friday, crypto prices broadly surged following Federal Reserve Chair Jerome Powell’s comments, which appeared to suggest potential for an interest rate cut ahead. Ethereum jumped by nearly 8% in an hour after the comments, and continued to tick up afterwards.



“It’s finally ETH’s moment to shine: record ETH ETF inflows and the launch of large ETH digital asset treasuries, coupled with broader ecosystem success—Circle and Bullish IPOs, and Trump’s executive order allowing digital assets in 401(k)s,” Brian Huang, co-founder of on-chain automation platform Glider, wrote in an email to Decrypt. “Jerome Powell’s dovish speech today hinting a rate cuts was the final push ETH needed.”

Huang added: “Sentiment in the trenches for ETH is strong as well. Layer-2s like Base continue to grow, and ETH still bodes the most DeFi liquidity by a factor of 9x above the second, Solana. We’re still in the early innings here for ETH, the world’s global settlement layer.”

The recent Ethereum boom has been fueled in part by growing ETF demand. Last week, U.S. spot Ethereum ETFs collected over $1 billion in inflows in a single day for the first time since they started trading in July 2024. And Ethereum funds have been outpacing Bitcoin ETFs with gains, though conversely, they’ve also bled out faster on down days.

The gains have dovetailed with rise of companies that have gobbled up Ethereum as their primary mission. In recent weeks, Bitcoin miner BitMine Immersion has grown its holdings to more than $7 billion, while SharpLink Gaming, which pivoted from online marketing, has accumulated more than $3.5 billion worth of the coin.

Such companies are following in the footsteps of Bitcoin treasury company Strategy (formerly MicroStrategy), which started buying the largest cryptocurrency by market cap in 2020 to pump its stock. The move has inspired dozens of followers, who have started expanding into other assets like Ethereum, Solana, and BNB.

“There are a lot of tailwinds behind ETH at moment,” said Strahinja Savic, head of data and analytics at crypto-focused financial services and advisory firm, FRNT Financial. “Record ETH ETF inflows and aggressive buying from treasury companies are offering tangible demand.”

“On top of this, Ethereum is at the center of several key themes that are garnering the attention of traditional financial institutions,” he continued. “These include tokenization of traditional assets and stablecoins. These are major economic themes, and Ethereum is emerging as a strong candidate to host this new influx of capital and interest.”

Ethereum also received a boost this month when the SEC clarified its guidance on staking, as Ethereum users have long sought from the securities regulator.

Former President Joe Biden administration’s more restrictive policies had resisted allowing this feature, but under President Donald Trump, the regulator said that liquid staking services can pay out staking rewards to customers without registering with the agency.

Last month’s passage of the GENIUS Act also boosted Ethereum’s prospects. The legislation provides a U.S. regulatory framework for issuing stablecoins. Developers of these projects overwhelmingly use the Ethereum blockchain for their projects. Most stablecoins are pegged to the value of the U.S. dollar.

“Ethereum’s new all-time high is a clear sign of investor demand beyond just Bitcoin,” Samir Kerbage, chief investment officer at crypto asset manager Hashdex, wrote in a message to Decrypt. “As Ethereum and other smart contract platforms provide the infrastructure for many of crypto’s most mature use cases, including stablecoins and tokenization, we anticipate continued strong demand for this emerging asset class.”

The odds that Ethereum climbs past $5,000 this year have jumped in the past day on Myriad Markets. The prediction market now shows a roughly 85% probability that the token will reach that threshold in 2025.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

In a note last week, U.K. bank Standard Chartered raised its Ethereum price target to $25,000 by 2028, a major shift from March forecasts that predicted a structural decline for the world’s second-largest crypto.

“We raise our price forecasts, as the backdrop for ETH has improved dramatically in recent months,” the bank’s Global Head of Digital Assets Research, Geoff Kendrick, wrote.

Editor’s note: This story was updated after publication to include additional comments.

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