The Solitude of the Whale: Bitmine’s ETH Accumulation and the Fragility of Centralized Conviction
When a single entity controls 4.8% of Ethereum’s circulating supply—577,000...
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When a single entity controls 4.8% of Ethereum’s circulating supply—577,000...
Extreme Fear
Market Sentiment
Block reward reduced to 3.125 BTC
Block reward halving event
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Raises validator limit and account abstraction
Circulating supply increases by about 2%
92 million ARB released
Team and early investor shares released
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,878.6 |
| 1 |
Ethereum
ETH
|
$1,921.94 |
| 1 |
Solana
SOL
|
$77.62 |
| 1 |
BNB Chain
BNB
|
$581.2 |
| 1 |
XRP Ledger
XRP
|
$1.12 |
| 1 |
Dogecoin
DOGE
|
$0.0741 |
| 1 |
Cardano
ADA
|
$0.1652 |
| 1 |
Avalanche
AVAX
|
$6.69 |
| 1 |
Polkadot
DOT
|
$0.8475 |
| 1 |
Chainlink
LINK
|
$8.55 |