A massive sell-off by Ethereum whales has sent shockwaves through the crypto market, with analysts fearing a potential bearish trend in ETH price.
While whale token dumps are usually indicative of an imminent downtrend, the community remains nervous. Is this 63,000 ETH sell-off a sign of a larger market trend or just a temporary correction? Let’s dive into the details and explore what this means for the future of Ethereum.
Ethereum Whales Take Profit with Massive ETH Sell-off: Know Details
In a recent revelation, crypto analyst Ali Martinez unveiled an enormous whale activity involving Ethereum (ETH). The analyst uncovered a large-scale ETH sell-off of about 63,000 tokens over a period of 48 hours.
The whale activity reflects a broader market trend where large holders capitalize on the recent price surges. Many investors are seizing this opportunity to lock in profits as the crypto market is recovering from its bearish phase.
As reported by EmberCN, an Ethereum whale, who had sold their 15,000 ETH on April 22, liquidated the remaining holding of 35,754 ETH at $1,793 on April 23. These increasing whale moves indicate an impending ETH price crash.
Is ETH Price Falling to $1,300?
Typically, market trends suggest that increased pumps (buying activity) can drive prices up, while large dumps (sell-offs) can lead to price declines. Here, as Ethereum whales are capitalizing on the recent ETH price uptick, it is expected to have a negative impact on the altcoin’s value.
In addition, technical analysis further strengthens this bearish outlook. As pointed out by market expert Robert Mercer, the ETH price broke the bearish pennant pattern, suggesting a potential continuation of the downtrend.
Source: X, EmberCN
Notably, this pattern typically forms after a sharp decline, followed by a brief consolidation phase. With the price now breaking below the pennant’s support, it could trigger further selling pressure, potentially driving the price down to $1300 or lower, depending on market conditions.
At press time, Ethereum is trading at $1,803, up 1.66%. Over the past seven days, ETH experienced a massive increase of 12% despite a 10% decline in a month. As CoinGape recently reported, a 4% drop in Ethereum’s price to $1,731 would trigger the liquidation of approximately $973 million in long positions.
The CEX behemoth Binance has recently expanded support for FET & RENDER tokens, capturing noteworthy attention among crypto market participants globally. Via an official announcement on Monday, April 28, the crypto exchange revealed new trading bots services for the abovementioned crypto. This new trade offering paves the road for further investor interaction with these assets. In response, crypto market watchers remain highly optimistic about the coins’ future price actions, as the new offerings could bring more funds inflow to the coins.
Binance Spot Adds New Trading Bots Services For FET & RENDER
Binance’s latest press release revealed that “Spot Grid and Spot DCA” services for the following trading pairs will commence starting April 29 at 08:00 UTC:
FET/USDC
RENDER/USDC
The top-ranking crypto exchange further added that this trade offering comes to enhance its platform’s colossal user base experience. However, the announcement also added that these pairs remain subject to trading based on the user’s country or region of residence.
As of now, users residing in the following regions will be unavailable to partake in this offering:
Canada
Cuba
Crimea Region
Iran
Netherlands
North Korea
Syria
The U.S. and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands)
Any non-government-controlled areas of Ukraine.
Besides, Binance added that users in the EEA (European Economic Area) should be wary while trading these assets, given the new MiCA stablecoin norms that kicked in recently. Particularly, EEA users remain poised to seamlessly trade in USDC, whereas USDT and other stablecoins remain impacted due to the new norms.
Nevertheless, the new trading bots offering for the abovementioned crypto soon gained popularity amid a broader bullish market. Traders and investors may look to capitalize on such new trade offerings as crypto prices showcase the potential for a rally amid a market pump.
While Bitcoin & Ether prices have rallied nearly 7-9% weekly, FET & RENDER prices also showcased potential for bullish price actions ahead. Although RENDER price saw a slight 1% dip over the week, resting at $4.42, the AI coin also managed to hit a high of $4.73, per CoinMarketCap data.
Conversely, FET price has pumped by a remarkable 23% over the week, resting at $0.7373. Traders and investors continue to thoroughly monitor these crypto, expecting a bullish price shift amid broader trends and Binance’s support.
In the latest XRP news, Ripple has recently moved 200 million coins, fueling speculations in the market. Meanwhile, this comes as the crypto holds the $2 support despite recent volatile trading. Besides, amid the ongoing speculations, a renowned analyst has predicted a potential rally for the token ahead to $19, especially amid the soaring buzz after the recent successful US ETF launch.
XRP News: Ripple’s 200 Million Move Fuels Speculations
Leading on-chain transaction tracker Whale Alert reported that Ripple shifted 200 million XRP recently, worth around $402.78 million, to an unknown address. The transaction was made from Ripple’s wallet, identified by the wallet address “rBg2F…1o91m”, and was sent to an unknown recipient address “rP4X2…sKxv3”.
Meanwhile, such high-volume transfers typically fuel investor concerns and curiosity. Some speculate Ripple could be preparing for strategic positioning in anticipation of regulatory clarity. Others suggest the transfer might be linked to OTC trades or internal wallet management. However, there are no official comments on this latest XRP news.
However, the timing of this move also coincides with recent legal developments in the Ripple vs. SEC lawsuit, adding another layer of speculation to the event.
Ripple Vs SEC Case Update
In another latest XRP news, Ripple and the US SEC have submitted a joint legal filing. As per the filing, both parties have requested the US Court of Appeals for the Second Circuit to pause the ongoing proceedings.
This comes after the settlement of the major parts of the XRP lawsuit. If granted, the motion could give Ripple more flexibility and time to navigate its next legal and business steps. The request to keep the appeal “in abeyance” indicates both parties are aiming for a smoother closure pending final court approval. Notably, this move may also influence institutional sentiment, especially following the recent ETF-related excitement.
XRP ETF Success Aids In Price Surge: Rally To Sustain?
The first XRP ETF has noted a successful launch in the US this week, which has sparked market optimism. Amid this, XRP price has jumped about 1% in the last 24 hours to reach $2.01. Notably, the crypto has touched a 24-hour high and low of $2.03 and $1.93, respectively, reflecting the volatile scenario in the market.
Besides, the active addresses holding Ripple’s native asset has also touched a new high recently. This indicates that more investors are shifting their attention towards the asset.
What’s Next?
However, amid this, renowned expert EGRAG CRYPTO said that the XRP price may hit $19 or even $45, citing historical trends. According to the expert, if XRP mimics the 2017 or 2021 cycle, it can rally by 2700% or 1,050% to hit $45 or $19, respectively.
This also comes after the expert highlighted the XRP/BTC chart and said that the crypto could hit $22 if BTC rallies to a new ATH ahead.
The live price of the Mantle crypto is $ 0.80841120.
MNT price could reach a high of $2.31 in 2025.
Mantle coin price with a potential surge, may reach a high of $10.22 by 2030.
Mantle Network is another successful Layer-2 (L2) technology stack for scaling Ethereum solutions. Notably, this is the first core product of the Mantle Ecosystem. Reportedly, this ecosystem strives to be easily compatible with the Ethereum Virtual Machine (EVM).
Moreover, Mantle Network’s modular architecture makes it unique in terms of transaction execution, data availability, and transaction finality into modules. Further, this can be individually upgraded and adapted to the latest innovations of the network.
Are you one of many who are planning on stacking this altcoin before the altcoin season intensifies? We at CoinPedia have covered the market trends, sentiments, and possible Mantle (MNT) Price Prediction 2025, 2026 – 2030, and the years in between.
The MNT price has gained significant attention in the cryptocurrency space over the past few years. Despite trading at a discount of 46.4% from its ATH, this altcoin has jumped over 157% from its ATL of $0.3136.
Furthermore, with unique updates and increasing adoption, the MNT coin price could potentially achieve an annual high of $2.31. Conversely, rising uncertainty or stricter crypto regulations could result in this altcoin concluding with an annual low of $0.90.
With this, the Mantle price could conclude the year 2025 with an average trading price of $1.60 this year.
Year
Potential Low
Potential Average
Potential High
2025
$0.90
$1.60
$2.31
Are you curious to understand the long-term price possibilities of ETH token? Read CoinPedia’s Ethereum Price Prediction!
Mantle Coin Price Chart 2026 – 2030
Year
Potential Low ($)
Potential Average ($)
Potential High ($)
2026
1.17
2.17
3.18
2027
1.49
2.92
4.36
2028
1.97
3.93
5.89
2029
2.65
5.14
7.64
2030
3.87
7.04
10.22
Mantle Cryptocurrency Forecast 2026
The MNT price could achieve the $3 milestone with a high of $3.18 by the year 2026. On the flip side, the altcoin could record a low of $1.17 and an average price of $2.17.
Mantle Coin Price Prediction 2027
The Mantle crypto prediction for the year 2027 could range between $1.49 to $4.36 and the average price could be around $2.92.
Mantle Crypto Price Target 2028
During 2028, the MNT could reach a maximum value of $5.89 with a potential low of $1.97. Considering this, the average price of this altcoin could settle at around $3.93.
Mantle Price Analysis 2029
Looking forward to 2029, the Mantle Price may range between $2.65 and $7.64, and a potential average value of around $5.14.
Mantle Crypto Price Forecast 2030
By 2030, the value of a single MNT token price could reach a maximum value of $10.22 with a potential low of $3.87. With this, the average price could land at around the $7 mark.
Planning on investing in POL (ex-MATIC) crypto before it reclaims the $1 mark? Read Polygon Price Prediction to uncover the possible mysteries until 2030!
Market Analysis
Firm Name
2025
2026
2030
Changelly
$1.50
$2.23
$9.64
CoinCodex
$2.90
$1.12
$3.08
DigitalCoinPrice
$2.40
$2.68
$5.84
*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s Mantle Price Projection
With more fundamental updates and partnerships, the Mantle token could act as a major player in the Layer-2 ecosystem. This could push its native token “MNT” toward a new all-time high (ATH) during the upcoming AltSeason.
If the bullish sentiment intensifies, the Mantle price could reach a high of $2.31 this year. However, if the market turns extremely bearish, this could result in this altcoin settling at an annual low of $0.90.
Year
Potential Low
Potential Average
Potential High
2025
$0.90
$1.60
$2.31
To find out if the BNB coin price will hit $1000 this altcoin season, Read CoinPedia’s Binance Price Prediction now!
FAQs
How much is 1 MNT token worth?
The Mantle token is currently valued at $0.8050.
What is the maximum supply of Mantle coin?
The max supply of Mantle (MNT) crypto token is 6.219 billion.
How high can Mantle price go?
If the bullish sentiment sustains, this altcoin could hit an annual high of $2.31.
When was the MNT coin launched?
This altcoin made its first appearance in the crypto space in July 2023.
Is Mantle a good investment?
With a potential surge, the MNT coin price could hit a maximum price of $10.22 by 2030.
What is the value of Mantle?
At the time of writing, the value of one MNT token was $0.8050.
The post Mantle Price Prediction 2025, 2026 – 2030: Will MNT Price Hit $2 This Year? appeared first on Coinpedia Fintech News
Story Highlights The live price of the Mantle crypto is . MNT price could reach a high of $2.31 in 2025. Mantle coin price with a potential surge, may reach a high of $10.22 by 2030. Mantle Network is another successful Layer-2 (L2) technology stack for scaling Ethereum solutions. Notably, this is the first core …
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