- Crypto Nutshell
- Posts
- 🥜 ETH Will 100x
🥜 ETH Will 100x
PLUS: Ethereum's largest whale
Today’s edition is brought to you by Crypto Nutshell Pro.
If you’re interested in altcoin coverage, buy recommendations & want to know what’s in the Crypto Nutshell Portfolio, click here to join now the waitlist now!
GM to all of you nutcases. It’s Crypto Nutshell #700 lightin’ the way… 🕯️🥜
We're the crypto newsletter that's more chaotic than a group of scientists unleashing chaos with cloned dinosaurs... 🧪🦖
What we’ve cooked up for you today…
🏦 Ethereum’s largest whale
🫨 Ethereum will 100x
📉 Is this a sell-off?
💰 And more…
Prices as at 4:05am ET
ETHEREUM’S LARGEST WHALE 🏦
BREAKING: BitMine Boosts Ethereum Stash Above $8 Billion, Now Holds 1.5% of ETH Supply
Ethereum’s biggest corporate whale is getting even hungrier.
BitMine Immersion just bought 153,000 ETH in a single move - a $655 million purchase that takes its stash above 1.86M ETH, worth $8.1B.
That’s now 1.5% of the entire supply.
And their target?
Nothing less than 5% ownership of all ETH in existence.
That makes BitMine the largest Ethereum treasury in the world - bigger than SharpLink, The Ether Machine, and even the Ethereum Foundation.
Behind the strategy is Fundstrat’s Tom Lee, who says Ethereum is having its “1971 moment.”
That was the year the U.S. abandoned the gold standard, unleashing a wave of financial innovation.
Stablecoins, tokenized assets, even AI systems running on-chain - Lee argues Ethereum is about to play the same role for the digital era:
“In 2025, as the real world becomes digital, it’s going to be natural to say, ‘I want a digital store of value.’ That’s Bitcoin. But it’s also going to create a market for digital assets - and we think the winner there is Ethereum.”
The numbers back him up.
ETH treasury firms and ETFs have already absorbed nearly 5% of supply since June.
ETF flows are outpacing Bitcoin’s. And now the biggest corporate buyers are openly competing to lock up more.
At today’s ETH/BTC ratio of 0.038, Lee points out that a $250K Bitcoin would imply a $12K Ethereum.
And if the ratio recovers to its historic highs? Even more.
The bottom line: Wall Street isn’t just nibbling at ETH - it’s building on it. With BitMine leading the charge, the Ethereum supply squeeze is getting real. 🚀
OUT-RETURN BITCOIN THIS CYCLE 🚀
“First Bitcoin runs. Then ETH… ETH/BTC is sitting at historic range lows… you’ve got the strongest setup we’ve ever seen for Ethereum.”
That’s what we told Pro members back in July.
Since then:
Ethereum is up +78.5%
Bitcoin is down -5.10%
Not too shabby…
Ethereum hasn’t just followed Bitcoin, it’s outperformed it, exactly as we predicted.
Right now, Crypto Nutshell Pro is closed.
It’s been closed for months. We cap the group purpose, to keep the alpha as high as possible.
But later this week, we’ll be opening the doors to 25 new Crypto Nutshell Pro members.
If you’re interested in altcoin coverage, buy recommendations & want calls that outperform Bitcoin, click below to join the waitlist:
Once the 25 open slots are gone, they’re gone.
First in, first served. (Crypto Nutshell has 95,000+ daily readers, you do the math)
ETHEREUM WILL 100x 🫨
Ethereum co-founder Joe Lubin just made his boldest call yet:
“Yes, ETH will likely 100x from here. Probably much more.”
That’s not coming from some anon crypto influencer - it’s coming from the guy who helped build Ethereum from day one.
Why He’s So Confident:
1. Wall Street is moving on-chain 💼
Banks like JPMorgan already run private Ethereum networks (since 2014).
With the Genius Act, stablecoins are going mainstream - and ETH is the settlement layer.
Institutions will soon be staking, running validators, operating L2s/L3s, and writing smart contracts as part of daily finance.
2. The “L2s kill ETH” narrative is dead 🔗
Lubin points to projects like Linea and Proof of Burn as proof that Ethereum’s “Layer 2” networks don’t replace Ethereum - they actually make it stronger.
Every transaction on these layers still settles back on Ethereum, meaning the more they grow, the more demand there is for ETH itself.
3. ETH is the ultimate commodity - “decentralized trust” 🔑
Lubin argues ETH isn’t just money - it’s the highest-octane form of decentralized trust.
In his words:
“ETH will eventually flippen all the other commodities on the planet.”
Bottom Line:
Lubin says even Tom Lee - who’s calling for $30k ETH in the near term - isn’t bullish enough.
According to Lubin - the scale of what’s coming?
Nobody can fully fathom it.
IS THIS A SELL-OFF? 📉
Let’s check in on one of our favourite metrics: Bitcoin’s supply last active 1+ years ago.
It’s a simple but powerful signal - tracking how much BTC has remained untouched as a percentage of total circulating supply.
Here’s the logic:
Metrics rising: long-term holders are accumulating coins 📈
Metrics declining: long-term holders are selling coins 📉
Here’s the latest supply breakdown vs. two weeks ago:
🔴 Supply last active 1+ years ago: 61.07% (down from 61.34%)
🟠 Supply last active 2+ years ago: 50.62% (up from 51.76%)
🟢 Supply last active 3+ years ago: 43.59% (down from 43.81%)
🔵 Supply last active 5+ years ago: 30.04% (down from 30.02%)
Over 61% of all BTC still hasn’t moved in a year.
The standout this week?
Most cohorts slipped slightly - but the 5+ year band actually ticked higher.
That suggests some long-term holders are doubling down even as newer hands took profits near the highs.
Step back, and the story is clear: nearly two-thirds of the supply is locked in place.
Conviction this strong isn’t just impressive - it’s the kind of setup that can fuel explosive upside when demand returns. 💎🚀
CRACKING CRYPTO 🥜
Strategy pushes Bitcoin stash over $69B, raises STRC dividend to 10% amid criticism. Strategy (formerly MicroStrategy) boosts Bitcoin holdings while adjusting STRC dividend amid mixed investor sentiment.
US regulators clarify rules for spot crypto trading. The SEC and CFTC have issued joint guidance clarifying that US-registered exchanges can list and trade certain spot crypto asset products, including those with leverage and margin features.
Ethereum Foundation to Unload Another 10K ETH Following SharpLink Deal. The Foundation shared that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks.
Crypto IPO market heats up with Figure seeking $500 million, Gemini over $300 million. Figure and Gemini join a list of other companies with interests in crypto aiming to launch IPOs, including Grayscale and BitGo.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Daily Bitcoin news
Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
CAN YOU CRACK THIS NUT? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
What is Solana’s theoretical maximum transactions per second (TPS) capacity? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: 65,000 TPS 🥳
Solana’s design allows for up to 65,000 TPS, making it one of the fastest major blockchains. ⚡
GET IN FRONT OF 95,000+ CRYPTO INVESTORS
Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.
HOW DID WE DO? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)
What did you think of today's Newsletter?Don't worry, you won't hurt our feelings... 🥲 |
NUTCASE REVIEW OF THE DAY 🔍
DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.
Reply