📌 ShapeShift founder denies $260mln whale accumulation – Here’s what we know! – Retail is silent, ETFs are bleeding, but whales are buying – Heres what is actually happening.
$ETH
ShapeShift founder denies he coordinated a $260M whale accumulation, saying reports conflate custodial transfers with buying. On‑chain trackers show large moves into custody and continued accumulation by big addresses, while retail volume is muted and several spot #Ethereum ETFs have seen redemptions — pressure on flows, not conclusive proof of a single orchestrated buy.
Whales look active, ETFs are bleeding, retail is quiet; the founder’s denial leaves the narrative unresolved. #Macro Insights#
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