📉 Retail investors sell, whales accumulate
Welcome to the Daily Tribune of Saturday, April 26, 2025 ☕️
Hello Cointribe! 🚀
Today, we are Saturday, April 26, 2025, and as every day from Tuesday to Saturday, we summarize the latest 24-hour news that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partly sunny 🌤️
24h crypto recap! ⏱
📉 Retail investors massively sell Bitcoin, whales accumulate
Retail investors liquidate their BTC, causing massive exits from exchanges, while whales accumulate over 53,000 BTC, reaching 67.77% of the total supply.
🚫 Nvidia once again sidelines blockchain from its priorities
Nvidia refuses to incorporate blockchain projects into its programs, favoring artificial intelligence and maintaining strategic distance from cryptocurrencies.
💡 Citigroup anticipates a major turning point for blockchain in 2025
Citigroup predicts widespread adoption of blockchain and stablecoins, estimating that the stablecoin market could reach 3,700 billion dollars by 2030.
👑 Prince Filip of Serbia predicts a historic Bitcoin explosion
Prince Filip Karađorđević states that manipulations are hindering Bitcoin but foresees an imminent dramatic increase, described as "omega candle".
Crypto of the Day: Snek (SNEK)
Snek is a deflationary memecoin launched on the Cardano blockchain in April 2023. Inspired by internet memes and humor, Snek quickly established itself as a cultural symbol within the Cardano ecosystem. Its main goal is to make crypto more accessible and engaging by attracting a dynamic community around fun and innovative projects. Notable initiatives include Snek.Fun, a platform allowing users to easily create their own meme tokens, and Snekx, a fast minting tool for Cardano tokens. These projects aim to democratize token creation and strengthen community engagement.
The SNEK token sits at the heart of this community ecosystem. It is used to participate in events, access specific platform features, and support community initiatives. The initial distribution of SNEK was fair, with 50% of tokens allocated to a public presale and 40% for initial liquidity. The remaining 10% was distributed among marketing, utilities, and reserves for centralized exchanges. Additionally, SNEK incorporates a burn mechanism that gradually reduces circulating supply and potentially increases its value over time.
Recent Performance:
Current price: $0.00379 USD
24-hour change: +23.3%
Market capitalization: around $281 million
Rank on CoinMarketCap: #222
Ethereum: Record accumulation of 449,000 ETH in 24 hours, a cycle reversal sign?
On April 22, 2025, Ethereum recorded a historic influx of 449,000 ETH into accumulation addresses, despite a gloomy market climate. This operation, carried out at an average price of $1,750, reveals enduring confidence among some long-term investors and hints at a potential cycle change.
A strategic repositioning of investors
This massive accumulation occurs while the market is in decline, with an average purchase price below the current level. The number of active addresses on the Ethereum network jumped by 10% in two days, illustrating activity recovery despite a generally cautious climate. Meanwhile, engagement on DeFi platforms remains low, reflecting a disconnect between network activity and the actual use of decentralized applications.
Perspectives
Despite this record accumulation, Ethereum faces notable technical resistances. An important barrier is located at $1,895.50, where 1.64 million ETH are held, mainly by actors who invested in November 2024. This concentration could generate significant selling pressure if the price approaches it. Trader Rektproof warns of a bearish fractal pattern, suggesting that the market could fall below $1,400 if this scenario materializes.
The massive influx of 449,000 ETH into accumulation addresses indicates renewed confidence in Ethereum's fundamental value. However, the weakness of DeFi and technical pressure fuel an atmosphere of uncertainty. The evolution of these signals will be crucial to gauge investors’ intentions and anticipate future market phases.🔗 Read the full analysis
