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Whale Moves 2,000 ETH From Binance Sparking Price Speculations, What’s Next?

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A significant transaction involving the movement of 2,000 ETH from Binance has captured the attention of the cryptocurrency community, sparking widespread speculation about its potential impact on Ethereum’s price. Whale movements often indicate upcoming market shifts, and this latest transfer has analysts and investors closely monitoring the market for possible price fluctuations. As the Ethereum network continues to evolve and adapt, this large-scale transaction raises questions about what might come next for ETH in an ever-volatile market.

ETH Whale Transfer Details and Strategic Implications

The Data Nerd monitoring service observed in a notable development that has set the cryptocurrency community abuzz, a large-scale transfer of 2,000 ETH from Binance. This transaction, executed by Whale 0x2C4, involved moving Ethereum valued at approximately $7.84 million to the Manta Network, a privacy-focused blockchain platform. Such whale movements often trigger speculations about market trends and potential price impacts, and this latest activity is no exception.

Whale 0x2C4 executed this transfer just an hour ago. The whale’s decision to pledge these 2,000 ETH to the Manta Network signifies a substantial commitment to this privacy-centric project. This move raises questions about the strategic reasons behind such a transfer and its implications for the broader cryptocurrency market.

A closer look at Whale 0x2C4’s portfolio reveals significant holdings across multiple assets, indicating a sophisticated investment strategy. With the recent addition, the whale’s total pledged assets in the Manta Network include 10,535 ETH, valued at approximately $41.4 million. This substantial ETH holding shows the whale’s strong confidence in both Ethereum and the Manta Network. Besides Ethereum, Whale 0x2C4 holds 248 BTCB, a version of Bitcoin on the Binance Chain, worth about $17 million. The whale also possesses a significant amount of Tether, with holdings amounting to 3 million USDT.

Also Read: Robert Kiyosaki Slams “Bonds Are Safe” Claims, Advocates Buying Bitcoin

Ethereum Current Market Dynamics and Future Speculations

As of today, the live price of Ethereum (ETH) is $3,923.99, with the cryptocurrency’s 24-hour trading volume being $13.8 billion. The coin has surged 4.58% in the past 24 hours and is currently trading between $3,933.31 and $3,828.27. Ethereum’s live market cap stands at $471.4 billion, indicating a robust market presence despite recent fluctuations. Ethereums open interest is currently at +9.92% with a valuation of $13.2 Billion, also the RSI is at the 66.32 Level reflecting potential bullish presence.

Marking a landmark event within the United States’ crypto landscape, the SEC gave 8 spot ETH ETFs a green light via an omnibus order this week. These ETH ETFs included VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. The approval of ETH ETFs is a significant development, suggesting increased institutional interest and potential for wider adoption. However, the immediate impact on ETH’s price has been less straightforward than that observed with Bitcoin.

Also Read: Michael Saylor Claims Ethereum ETF Approval Is Good For Bitcoin

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Reveals Pi Network’s Team Efforts To Stabilize Price Amid Token Unlocks

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Crypto expert Dr. Altcoin has revealed the efforts that the Pi network team has made so far to help stabilize the Pi coin price. The expert explained that this is the reason why the altcoin has been able to stay above the $0.63 support level, rather than dropping to new lows following the recent token unlocks.

Expert Reveals How Pi Network Team Has Helped Stabilize Pi Coin Price

In an X post, Dr. Altcoin revealed that the Pi Network team has already implemented a strategy to absorb the extra Pi supply entering Centralized Exchanges (CEXs) to help stabilize the Pi coin price. He remarked that it has worked so far, seeing as the price has stabilized.

The expert made this revelation while explaining why the Pi coin hasn’t dropped to $0.30 or even lower amid the large volume of unlocked Pi. Instead, the coin has held above the $0.60 support.

Dr. Altcoin asserted that this move from the Pi Core Team proves that the project is not just another pump-and-dump project and that the coin is here to stay and lead. The expert admitted that he and the entire Pi community remain disappointed with the current price and the team’s ongoing lack of communication.

However, he hopes that the team resolves this soon. The expert also affirmed that the Pi Network has remained successful, consistently ranking in the top 30 crypto by market cap. He also stated that the recent strategy by the Pi Core Team to manage the influx of Pi is a clear sign of their long-term vision for the project.

It is worth mentioning that the expert also recently mentioned that the Consensus 2025 conference is pivotal for Pi’s ecosystem. He believes this is an avenue for the team to promote the project.

Pi Coin Price To Still Reach $314

In his post, Dr. Altcoin also stated that he believes that the Pi Network’s price can still reach $314 within the next five years. He added that he has never been more confident in the project’s future than he is today.

In line with this, he urged all Pi community members to continue supporting the project and keep buying the altcoin while it is still cheap. Community members look to be actively accumulating at the moment. As CoinGape reported, whales recently moved over 41 million Pi coins off exchanges, providing a bullish outlook for Pi Network’s price.

In the short term, crypto analysts like Moon Jeff predicted that the Pi coin price could reclaim the $1 level and rally to as high as $5 soon. A listing by a top crypto exchange could undoubtedly send the altcoin to new highs. CoinGape recently reported that the HTX exchange has hinted at a potential listing of the altcoin.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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PancakeSwap Sets Date for CAKE 3.0 Amid Community Concern

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PancakeSwap, the largest decentralized exchange (DEX) on BNB Chain, has officially announced the implementation of CAKE Tokenomics 3.0. This marks a major shift toward a more sustainable and deflationary ecosystem.

According to the announcement, PancakeSwap will begin rolling out the new tokenomics model on April 23, 2025. The main goals are to curb CAKE inflation, optimize system efficiency, and deliver long-term value to the community. However, the CAKE 3.0 proposal has sparked considerable debate.

What Are the Key Changes in CAKE Tokenomics 3.0?

PancakeSwap has set three primary goals for Tokenomics 3.0: achieve an annual deflation rate of 4%, eliminate complex mechanisms such as veCAKE, and reduce CAKE emissions to improve sustainability.

Here are the specific changes:

  • Retirement of CAKE Staking, veCAKE, Gauges Voting, Revenue Sharing, and Farm Boosting: PancakeSwap will discontinue CAKE staking and the veCAKE mechanism, which required users to lock tokens in exchange for voting rights or benefits. All locked CAKE and veCAKE will be unlocked.
  • Burn Mechanism to Reduce Circulating Supply: PancakeSwap will burn tokens to reduce supply instead of sharing trading fees with users. The team expects to burn approximately 5.3 million CAKE annually, supporting the deflation target.
  • Phased Reduction in CAKE Emissions: Daily CAKE emissions will be reduced from 29,000 to 20,000, and later to 14,500 tokens.

Users will have six months from April 23, 2025, to withdraw their previously locked CAKE.

The Debate Around CAKE 3.0

Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.

“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.

However, not everyone agrees. Cakepie DAO—one of the largest veCAKE holders—voiced strong concerns on X. They criticized the decision to eliminate veCAKE, calling it non-transparent and potentially damaging to projects built around that model.

This reveals a divide in the community over how PancakeSwap is balancing deflation and stakeholder interests.

“Sunsetting veCAKE would be devastating for Cakepie and for every project built on long-term alignment with PancakeSwap. Our entire ecosystem is structured around veCAKE, with millions of CAKE locked for four years as a clear show of commitment. Removing veCAKE would erase that commitment overnight and undermine the trust and efforts of all builders who believed in PancakeSwap’s vision,” Cakepie stated.

In response, PancakeSwap proposed a $1.5 million compensation package in CAKE tokens. They offered this to CKP (Cakepie’s token) holders if Cakepie agreed to allow a 1:1 swap from mCAKE (Cakepie’s CAKE derivative) to CAKE.

However, Cakepie is currently voting on whether to accept the offer.

PancakeSwap (CAKE) 3-Month Price Chart
PancakeSwap (CAKE) 3-Month Price Chart. Source: BeInCrypto

At the time of reporting, CAKE is trading around $1.97, up 17% since April 8, when PancakeSwap first proposed Tokenomics 3.0.

Additionally, data from DeFiLlama shows that PancakeSwap’s 24-hour trading volume has surpassed $1 billion, overtaking Uniswap.

Meanwhile, a report from BeInCrypto reveals that PancakeSwap controls over 90% of the DEX market share on BNB Chain. This highlights the strong relationship between BNB Chain and PancakeSwap.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Top Solana Price Levels to Watch in the Short Term

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As the crypto market is experiencing a bullish reversal with its total market cap surging by 3.17% to $2.74 trillion, the Solana price is gearing up for a potential rebound. As traders and investors are looking to capitalize on the token’s volatility, analysts unveil key price levels to watch in short term.

Notably, analysts like Ted predict SOL’s potential uptick to $180 amidst increasing whale activity. In this article, we’ll explore the top Solana price levels to watch in the short term which will help you to stay ahead of the curve and capitalize on market opportunities.

Solana Price To Rebound: Key Price Levels Revealed

As the Solana price hovers below $140, analysts and traders are closely watching market movements. While bears fear of a possible crash to $120, analysts like Ted offers a bullish outlook, predicting SOL’s potential surge to $180 by May 2025.

Presenting historical trends, Ted asserts that the Solana price is poised to reach $160-$180. He notes that Solana’s current patterns mirror those seen in 2022 Q4, suggesting potential similarities in future price movements. In addition, the analyst maintains a bullish outlook for the token, predicting a new all-time high for SOL during the third quarter of this year.

Key Price Levels To Watch

While Solana is poised for a potential rebound, traders are recommended to watch key price levels. Analyst Degen Hardy presents a detailed analysis of SOL’s current market conditions where he is trying to identify a long entry opportunity. As per his conclusions, the ideal scenario will be the Solana price to pull back, which, in turn, will form an inverse head and shoulders pattern.

Significantly, the chart presented by the trader represents key levels to watch. As SOL has surged past the significant support level of $125 and the resistance level of $135, the next target is $178.

Top Solana Price Levels to Watch in the Short TermTop Solana Price Levels to Watch in the Short Term
Source: X, Degen Hardy

As of now, SOL is trading at $139.23, up 2.15%.Over the past week and month, Solana has experienced a surge of 3.25% and 6.6%, respectively. Historical data suggests that Solana price could ultimately reach $256 if it surges past $178. The key levels in between $178 and $256 include $199, $216, and $238.

Moreover, increased whale activity also projects a potential rebound in Solana’s price. Whale Alert revealed that a Binance address moved 374,161 SOL ($52,768,341) to an unknown wallet.

SOL Clears Key Resistance: What’s Next

In his recent X post, TraderAG projected Solana price’s potential target of $170 as it has broken past its key resistance level at $135-$137. Though the analyst expected a retest to the $125 level, SOL broke past the resistance zone, sparking speculations of an uptrend.

According to TraderAG, SOL is capable of reaching $170 and beyond in the near term. CoinGape’s Solana price prediction reveals that SOL is expected to reach a maximum level of $173.44 and a minimum of $140.04 in 2025.

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Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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