have seen all of these theories about this
the most popular one being this whale is trying to dump the price of BTC by publicly trading it for ETH so they can accumulate more on CEX
but idk lads, what if an 11-fig billionaire just realized he's underexposed to ETH right before its massive adoption arc being driven by Wall Street and realized he needs diversification into the world's most valuable programmable macroasset?
what if all BTC holders do that? what if all people with any meaningful financial portfolios start allocating some percentage to ETH?
there's a lot more bid to come
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