Ethereum’s Institutional Backing vs. Community Criticism
Ethereum (ETH) is attracting a lot of attention, especially since the Ethereum Foundation revealed a plan to convert 10,000 ETH for operational funding despite the community criticizing this. ETH is receiving institutional support, with BitMine Immersion Technologies becoming the largest corporate holder.
At the same time, there’s a new player in the crypto space, Moonshot MAGAX (MAGAX), which is turning heads with the launch of its first meme-to-earn ecosystem. It offers retail investors a more advanced opportunity.
Ethereum Foundation To Convert 10K ETH
The Ethereum Foundation (EF) has confirmed it will gradually convert 10,000 ETH through centralized exchanges over the coming weeks. The funds will support research, development, grants, and donations.
According to the EF’s notice, the sales will remove the ETF in smaller amounts instead of one large transaction, as this can minimize potential market impact. The foundation didn’t reveal any exchanges or timelines and stressed that its mission is to advance Ethereum sustainably.
BitMine Ethereum Holdings Becomes Largest Corporate Holder
In a major development, BitMine Immersion Technologies has overtaken all other companies to become the largest corporate holder of Ethereum. The firm is now holding 1,866,974 ETH, which is worth more than $8.1 billion. This represents over 1.5% of Ethereum’s circulating supply.
The company has been on an aggressive accumulation spree, adding 150,000 ETH in just one week. It also has $635 million in cash reserves, which are earmarked for future Ethereum purchases. This shows that they are confident in the future and long-term value of ETH.
Market watchers are saying that BitMine’s strategy reflects how much faith institutions have in Ethereum, as it was once seen as too volatile for balance sheets.
New Meme-to-Earn Token Piques Investor Interest
As Ethereum continues to build its institutional credibility, retail traders are buzzing about Moonshot MAGAX, a new meme-to-earn token aiming to redefine the meme coin category. Unlike traditional meme coins that rely on hype, MAGAX adds community incentives, staking, referral programs, and governance tools that can create real value.
The project’s meme-to-earn model will reward creators, promoters, and investors who share and spread viral memes online. Analysts suggest that this structure gives MAGAX an edge over conventional meme tokens, which usually lack clear utility.
Investors are highly interested in Moonshot MAGAX’s meme-to-earn model, especially since it’s the first of its kind. Aside from buying and holding the token to wait for its high ROI after it’s publicly listed, MAGAX also offers other ways to earn the token, starting with posting memes and amplifying them.
Moonshot MAGAX Features Drive 166x ROI
Early projections for Moonshot MAGAX have been ambitious, with analysts predicting up to a 166x ROI once it’s publicly listed. This is way higher than what other established platforms can offer. The token uses deflationary mechanics that gradually reduce supply, and this rewards early adopters and long-term holders.
The approach has attracted strong interest in its presale stages, which have been progressing rapidly. Investors now realize that the scalable tokenomics and unique meme-to-earn structure will drive MAGAX to 166x ROI by 2026.
Be part of the Moonshot Magax Presale Community:
Website | Whitepaper | Telegram | X (Twitter)
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
