"Ethereum’s Future Unaffected by Buterin’s Viral ’Meow’ Moment"
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Amidst the buzz surrounding Ethereum co-founder Vitalik Buterin’s viral video, where he was seen interacting playfully with a robot, the crypto community debates the impact on Ethereum’s future and price speculation.
Vitalik Buterin ’Meows’ at Robot, Fuels ETH Price Speculation
Ethereum co-founder Vitalik Buterin has gone viral after a clip showed him kneeling in front of a four-legged robot and making a ’meow’ noise. The clip received mixed responses from the crypto community, with some laughing at the video while others expressed concern about Ethereum’s reliance on Buterin’s decisions. Crypto influencer Wendy O and Cork Protocol co-founder Phil Fogel commented on the clip, with Fogel noting that it was a joke.
Ethereum (ETH) Price Outlook Improved After Pectra Upgrade on Testnet
Ethereum’s price predictions have risen as experts are optimistic about the network’s upcoming Pecta upgrade. Trading volume around the crypto was up last week despite the price trading lower. ETH fell in March, leading to increased buying activity. The price recovery above $2k earlier this week reignited speculation of a bull run this year. The outlook has improved after developers successfully deployed the Pectra upgrade on the Hoodi testnet.
Ethereum Whales Face $238M Liquidation Risk on MakerDAO
Ethereum whales on MakerDAO are facing a combined liquidation risk of $238 million as the price of ETH nears a critical level. According to Lookonchain and Arkham Intelligence, two whales have borrowed significant amounts of DAI using ETH as collateral. One whale has borrowed over $75 million worth of DAI using 60,810 ETH worth $110 million as collateral, with a liquidation threshold set at $1,793. The other whale has borrowed over 68 million DAI, putting 64,792.7 ETH worth $122 million at risk, with a liquidation price set at $1,787. Both whales have inactive trading histories, raising concerns about their ability to meet margin calls if the price of ETH drops sharply.
Ethereum ICO Participant Wallet Transfers 1 ETH after 9.7-Year Dormancy
A long-inactive wallet from the initial coin offering (ICO) of Ethereum in 2014 has recently resumed activity. The dormant wallet participant transferred a single ETH to an anonymous address after a 9.7-year dormancy. The wallet originally received 2,000 ETH at Ethereum Genesis, which at the ICO price of ~$0.31 would have cost $620 and is now worth $3.7M.
