A whale lost over $2 million on DOGE, then turned around and put $10 million into $ETH. That’s not admitting defeat—it’s switching tables. The Dogecoin position was cut, and Ethereum was added. The bet is on a rebound, not a matter of faith.
On the same day, the Golem Foundation disclosed that it had staked 100,000 ETH. It raised 820,000 ETH ten years ago, and now it’s staking some of it to earn yield. Even old projects are starting to think about cash flow.
Meanwhile, an address linked to Anchorage Digital transferred 100 million ENA, worth over $15 million, to a CEX over two days. Coins sent to an exchange usually aren't there for a vacation.
Watchpoint: Is the buying support behind this ETH move driven by short-term sentiment, or are people genuinely positioning early? Watch whether exchange net inflows continue to grow.