Bitmine buys $113 mln Ethereum as ETF inflows hit $380 mln – Is $7K next?

ambcryptoPublished on 2025-10-29Last updated on 2025-10-30

Key Takeaways

Is ETH doing well right now?

A $113 million whale purchase, $380 million in ETF inflows, and progress on the Fusaka upgrade mean Ethereum is doing well.

What needs to happen for Ethereum to hit $7K?

ETH must break above its current range with rising volume, stronger ETF inflows, and more whale buys.

Ethereum [ETH] is finding good momentum.

A major purchase by Bitmine, ETF inflows, and developments on the Fusaka front are causing optimism just as analysts eye a $7,000 target. Can ETH turn this alignment into a breakout?

Ethereum whale activity picks up!

Ethereum’s whale transactions surged following Bitmine’s recent $113 million purchase, so accumulation is at a high!

Source: X

Santiment data showed whale transactions exceeding $1 million spiked sharply on the 29th of October, reaching one of the highest levels in over three weeks.

Source: Santiment

This coincided with ETH’s rebound toward $4,000 — institutional buying could be reinforcing support around press time levels. If this trend continues, it may provide the boost needed for Ethereum to run faster.

ETF flows recover as network makes moves

Ethereum ETFs had also been recovering, recording $379.9 million in net inflows this week and lifting total net assets to $27.66 billion, according to SoSoValue.

Source: SoSoValue

This rebound followed two weeks of outflows and was in tandem with excitement around the Fusaka upgrade, now live on the Hoodi test network.

ethereum

With the mainnet activation set for the 3rd of December, the upgrade is said to enhance scalability, reduce gas costs, and enable parallel execution.

These are all key steps toward improving rollup efficiency and maintaining network competitiveness ahead of the next market cycle.

ETH to $7K if…

Source: X

ETH traded near $4,000 inside a tight consolidation box at press time, with volume at 25.8K. This is similar to May’s pre-rally structure posted by analyst MaxCrypto.

Source: TradingView

The momentum was neutral: RSI at 47 and CMF -0.06, indicating tepid buying pressure.

For a $7K run to materialize, price needs a proper break above the box with rising daily volume, CMF flipping positive, and continued ETF inflows/whale accumulation (Bitmine’s $113 million buy helps).

Failure to break would likely retest the lower support band and invalidate the steep upside projection. The setup is plausible, not guaranteed.

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MSX US Stock Daily Observation: Baidu 2026 Q2 Earnings: AI Revenue Accounts for Half of Core Business for Two Consecutive Quarters, 283% GPU Cloud Growth Boosts Business Transformation

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4.1k Total ViewsPublished 2024.03.29Updated 2026.06.02

What is $MELON

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While the absence of publicly available details about the project’s origins may deter certain investors, others find value in the decentralized ethos of crypto projects that embrace anonymity. In this context, Melon Dog’s creator could very well be a collective of individuals committed to the project’s mission rather than a single identifiable figure. Who are the Investors of Melon Dog ($MELON)? Currently, there is no discernible information about specific investment organizations or foundations that have financed Melon Dog. This lack of detailed investment backing underscores an important consideration: the project appears to thrive on community contribution and organic growth rather than relying on significant venture capital investments. The development of Melon Dog reflects a growing trend within the crypto industry, where community involvement often takes precedence over traditional financial backing. This model invites participation from enthusiastic users who, through their involvement, shape the project’s direction. How Does Melon Dog ($MELON) Work? Melon Dog operates by leveraging principles inherent in the DeFi and web3 spaces, dedicating itself to creating a community-oriented project. The token's functionality stems from its promise to engage users through diverse activities, such as roadmap releases and community-driven events. One of the project's unique aspects is its emphasis on interaction; users are invited not merely to invest but to actively participate in the project’s journey. This approach seeks to empower community members, giving them a sense of ownership and partnership in achieving shared goals. Moreover, the infrastructure that supports Melon Dog is inherently decentralized, which aligns with the fundamental beliefs of both the DeFi and web3 landscapes. By fostering a space where users can partake in governance and propose initiatives, the project not only promotes transparency but also encourages innovation and evolution based on collective community feedback. Timeline of Melon Dog ($MELON) Understanding the key milestones in the development of Melon Dog provides insight into its progress and community engagement efforts. Below is a timeline of important events that have marked the project’s history thus far: November 13, 2024: Melon Dog announces a new strategic roadmap aimed at expanding its community. This announcement signals a significant advancement in the project and emphasizes its commitment to fostering user engagement. While this timeline showcases a singular significant event, it reflects the project’s aspirations moving forward. Future updates and roadmap expansions will undoubtedly contribute to its evolving narrative. Key Points About Melon Dog ($MELON) Community Focus Melon Dog places a strong emphasis on building an active and engaged community. Its design and ongoing initiatives are constructed to cultivate a sense of belonging among users. Operational Framework Situated within DeFi and web3, Melon Dog stands out as a project that invites participation, enabling users to contribute to shaping its future. Roadmap Releases Regularly scheduled roadmap releases serve as touchpoints for community involvement, ensuring that the user base is informed and can actively contribute to upcoming developments. Cult-like Community The project identifies itself as a fun and cult-driven initiative, actively promoting loyalty and commitment amongst its users. Important Considerations The ongoing success of Melon Dog is intricately linked to community engagement and participation. 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As new developments unfold, it will be fascinating to observe how Melon Dog continues to engage its cult-like community and expand its initiatives in the ever-changing world of cryptocurrency.

2.5k Total ViewsPublished 2024.11.11Updated 2024.12.03

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