Ethereum Whales Confess October Dump Was 'Just A Phase'
It appears the titans of the digital realm, colloquially known as Ethereum whales, have concluded their brief, yet impactful, flirtation with market skepticism. Their much-publicized October exodus, which naturally sent the market into a minor existential crisis (for everyone else, that is), was, we are now to understand, merely a "phase." Apparently, even those controlling vast swathes of decentralized finance are not immune to the capricious whims of self-discovery.
According to the diligent number-crunchers at Santiment, these significant holders – the ones with enough ETH to perhaps single-handedly fund a small nation's coffee addiction – are once again accumulating. One can only speculate what profound internal monologue led to this dramatic volte-face. Perhaps they simply missed the thrill of watching smaller investors nervously check their portfolios, or perhaps the digital void left by their absence proved too lonely. Either way, their conviction is, for now, absolute. Until, of course, the next "phase" descends upon them with the subtlety of a meteor shower.
Spare Part
Staff Writer
