Crypto world "swap"? ETH Whale exits, but DOGE is bought up by 112%.

Recently, the crypto world has been quite interesting, especially the developments surrounding Ethereum and several major altcoins. Whether you're a newcomer or an old hand, it's worth paying attention to. Let's discuss what's been happening and share some useful insights to help you understand the story behind it.

The ETH foundation sold over 50 million dollars, don't panic, they still hold over 196,000 ETH💰
Since April, the Ethereum Foundation has been steadily reducing its holdings, with a total of 21 instances of capital outflow, amounting to over 52.82 million dollars. The latest transfer involved 1,000 ETH, worth about 2.51 million dollars. But don’t worry just yet; they still have nearly 200,000 ETH in their wallet, valued at approximately 495 million dollars.

This wave of selling may be due to the foundation being prepared, or for the purpose of developing projects, or to send some kind of "caution signal" to the market. This means that they might be predicting future price fluctuations and may want to make adjustments in advance.

Buyers hold on, the data speaks, there is still support above $2,500!
According to derivative data, as of July 6, the CVD (90 days) of spot recipients continues to show a dominant buying position of recipients.

The buyers in the market are still quite strong, and the behavior of buying on dips is evident. In other words, although the foundation is selling, retail investors and institutions in the market are slowly taking over, helping to maintain the important support level of $2,500.

This buying confidence mostly comes from some institutions and steadfast traders who expect a short-term rebound.

New users are increasing, but activity seems to be declining a bit. The "user story" of ETH is a bit complicated 🤔
According to the latest data, new Ethereum addresses have increased by 6.2%, indicating that new friends are entering the market; however, active addresses have decreased by 3.3%, and zero balance addresses have also dropped by 8.5%. This suggests that speculation enthusiasm may be warming up, but the activity of long-term users is actually declining.

In other words, while new users are coming in, existing users may not be as active. Without the long-term participation of basic users, the growth of new users may not immediately translate into demand.

Whales are retreating, while retail investors are entering; the "camp" of ETH is starting to differentiate 🐋➡️👥
In the past 30 days, the holdings of ETH have changed. Whales (large holders) decreased by 0.58%, while small and medium investors increased by 5.68% and 1.18%, respectively.

This may indicate that the whales are starting to adjust or partially exit, leaving more "cake" for the small investors. Although ownership is more dispersed, without big funds backing it, it may not be so easy for the price to continue rising.

Most altcoins have risen, DOGE has performed remarkably, while TON has encountered a downturn.

Today, the overall performance of the altcoin market is good, with ETH rising by 2.6%, Solana (SOL) increasing by 3%, and HYPE nearing 40 dollars. DOGE is leading with a 5% increase, surpassing 0.17 dollars.

However, TON is one of the few exceptions, as the UAE officials clarified the previous rumors about the Toncoin golden visa, causing the price of TON to drop by nearly 6%.

The total market value of the entire crypto market increased by more than 40 billion USD in one day, reaching 3.44 trillion USD, and the atmosphere is still quite lively.

DOGE whales are crazily stocking up, with an increase of 112%! Perhaps the next big move is coming?
Despite the lack of breakthroughs in the price of DOGE recently, which has been fluctuating overall, the actions of the large holders have been quite active. In the past week, the net buying of whales holding a large amount of DOGE surged by 112%, indicating that the main funds are accumulating at lower prices.

This brings invisible support to the price and adds to the anticipation of whether DOGE can break out of the deadlock in the future.

Summary: The whale leaves the scene, and the small fish enter the pool. The story of the crypto world continues!
The Ethereum Foundation is reducing its holdings, but market buyers are not panicking and are still picking up the pieces;
New users are increasing, but the activity level of old users is declining, and the user structure of ETH is a bit complex;
The whales are exiting, and small investors are starting to increase their positions, leading to a more even distribution of funds, but the upward momentum is also more dispersed.
Most altcoins performed well, with DOGE standing out, while TON was hit by negative news.
Finally, DOGE whales are crazily buying in at low levels, possibly accumulating strength for the next market wave.
The crypto world is always full of changes. For us investors, the most important thing is to stay calm, avoid blindly following trends, pay more attention to data and news, and proceed steadily!

✍️DYOR, manage your risk well, and may everyone set sail in the crypto world!🌊

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