Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
Submitted by Anonymous (not verified) on Wed, 05/22/2024 - 14:20Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Bitcoin spot ETFs in the U.S. have seen net inflows of over $1.4 billion in the past week after a timid first half of the month.
Analysis by Nansen shows that early TRUMP holders made an ROI of over 1,600% from the PoliFi token.
SOL is often cited as a contender to replace ETH eventually. This week's market action shows how Herculean the task would be.
The fast move likely signals short-term profit taking after ether's rapid 30% rally, one observer noted.
Gala investor DWF Labs also said that it had purchased 28 million GALA tokens "to alleviate market selling pressures."
AEVO hit $0.9, its highest price since mid-May. Even so, it's still nearly 70% below where it started trading in March at around $3.
Ethereum ETF approval odds jump to 75%, sparking a market rally and over $296 million in short position liquidations.
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