Good morning, base family 🟦
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Ethereum whales have accumulated around 3.5 million ETH as the asset’s price dropped 57% from its all-time high. According to on-chain data, wallets holding more than 10,000 ETH have added roughly 3.52 million ETH since August 2025, even as the price slid from $4,900 to around $2,000. In contrast, mid-tier holders with balances between 100 and 10,000 ETH offloaded about 3.72 million ETH during the same period. Meanwhile, previously dormant whales have become active again, withdrawing nearly $60 million worth of Ethereum from exchanges. The MVRV ratio currently stands near 0.96-above the 0.80 level that has historically marked major market bottoms-suggesting that full capitulation may still be ahead.
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Coinbase Integrates Sui Token Standard Through New Partnership Coinbase has announced the integration of the Sui token standard, aiming to make the layer-1 blockchain more accessible to institutional investors and developers. This integration positions Sui as one of only two non-EVM blockchains with full Coinbase support, alongside networks such as Solana and Ethereum. The partnership builds on recent momentum for Sui, including the listing of the SUI token on Coinbase’s New York exchange and ETF filings submitted by Bitwise, Canary Capital, and 21Shares.
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