Ethereum Whale Cashes Out $60M as DeepSnitch AI Presale Surges 64%

An early Ethereum investor has sold $60 million worth of ETH, cashing in on a jaw-dropping 9,500x return since the 2014 ICO entry at $0.31 per token. While this profit-taking might seem bearish, on-chain data shows the top 1% of Ether wallets have quietly increased their holdings to 97.6% of the supply, indicating selective accumulation by large holders.

Ethereum ETFs turned bullish again with $60 million in net inflows this week after days of outflows, as noted by Nexo's Iliya Kalchev, signaling improved institutional sentiment. Meanwhile, the AI-powered altcoin DeepSnitch AI (DSNT) has raised over $620,000 in its presale, already rallying 64%, with a product launch locked for January 31, 2026, and rumors of upcoming tier-1 exchange listings.

Other altcoins are also in focus: Monero (XMR) is trading above $400, nearing a key resistance at $419, with technical indicators like MACD buy signals suggesting a breakout potential. Hyperliquid (HYPE) faces sell pressure after unlocking $314 million worth of tokens for core contributors, but has rolled out a Growth Mode cutting fees by 90% to boost activity. Solana (SOL) is holding above $130, with price predictions targeting $480 in the next cycle if resistance levels are breached, supported by improving market sentiment and Binance stablecoin reserves hitting $51.1 billion.

In broader market news, Bitcoin mining hit a new milestone with the global hashrate smashing through one zetahash per second for the first time, reflecting the evolution of mining since the 2012 halving.