Ethereum Surges to the $500 Billion Valuation Level
Ethereum (ETH) continues to show no signs of a bullish slowdown as the cryptocurrency rips through new record highs. The second-largest cryptocurrency recorded a new all-time high a few hours ago, following a +14% spike over the past 24 hours.
The cryptocurrency now has a market valuation of $500 billion, making it the second cryptocurrency in history to achieve this feat. Ethereum is now more valuable than the world’s largest investment bank JP Morgan, with about $20 billion, and Visa, with $6 billion.
Notably, ETH whale activities have surged over the past few days amid the surging price. Yesterday, reports showed that a whopping 46,793 ETH got moved from a whale wallet to Binance.
Meanwhile, on-chain analytics firm Santiment noted that the recent spike could also get traced to stakeholders’ activity. The...
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