Black_background_logo_BitcoinWorld-removebg-preview
Ethereum price
Latest News

Ethereum Whales Initiate Buying Craze As ETH 2.0 Mainnet Approaches

Ethereum Whale (Courtesy: cryptobriefing.com)

Ethereum investors have come up on a large number to buy tokens after the foundation put out a plan to launch ETH 2.0. The past few hours have seen a huge surge of whales diving in to accumulate as much tokes as possibles. The increasing buying pressure may lead to new yearly highs despite the stiff resistance that lies ahead.

The group has grabbed the spotlight after it launched the Medalla testnet. Ethereum core developer Danny Ryan said that it will be the last testnet prior to ETH 2.0’s mainnet launch in November.

The testnet will allow its features to be tested and allow users determine its efficiency.

“The launch of Medalla is a huge milestone in the development of eth2 – if Medalla proves stable, mainnet launch is next – and represents years of hard work by countless engineers, researchers, and community members. We hope you are as excited as we are,” said Ryan.

At a time when the speculations have risen, large investors rushed to add more Ether to their portfolios. Meanwhile, ever since the Ethereum 2.0 was launched the addresses holding 10,000 to 100,000 ETH only rose up.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.