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Ethereum Whale Withdraws Over $90 Million Worth of ETH, Investors Purchase VC Spectra in Bulk

2 mins
Updated by Petar Jovanovic
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Ethereum (ETH) suffered a significant blow in the past few days and lost most of its momentum. Meanwhile, we see a lot of interest in VC Spectra (SPCT) as investors rush to cash in. The VC Spectra (SPCT) token raised north of $2.4 million in private presale events. 

So, is it finally time to switch from Ethereum (ETH) in favor of VC Spectra (SPCT)? Let’s have a look.


Ethereum (ETH) Suffers Huge Blow: Is the Bullish Sentiment Gone?

In June, a large-scale Ethereum (ETH) investor withdrew over 50,100 ETH, equivalent to $91.2 million, from their Binance wallet. This same investor had previously withdrawn an additional $16.2 million (around 8,500 ETH) on the 8th of June while also staking over 34,560 ETH (roughly $65 million). These substantial Ethereum withdrawals contributed to a dip in the Ethereum market from the 28th of June to the 2nd of July. 

Despite this, the ETH cryptocurrency has shown signs of recovering its losses and returning to a bullish trajectory. This week, Ethereum has begun to recover significantly, moving beyond the $1,920 support level. Yet, maintaining this upward momentum will be crucial if Ethereum (ETH) hopes to reach new long-term highs.

While weekly charts suggest that bullish sentiment may be waning, the EMA and RSI indicators have not yet confirmed a turn toward bearish trends. Consequently, even after the major withdrawals in June, Ethereum is far from entering a bear market.

VC Spectra (SPCT) Gains Fame As Investors Rush To Buy

VC Spectra (SPCT) is off to a perfect start, as investors are rushing to buy the presale. VC Spectra (SPCT) is an innovative blockchain that focuses on providing its users with the best asset management solution.

The Spectra blockchain offers holders excellent risk management practices and extensive capitalist teams to ensure minimized investment risk. VC Spectra (SPCT) aims to leverage AI and generate sustainable income.

VC Spectra (SPCT) uses a decentralized authority system. Furthermore, involvement from its investors in crucial decision-making processes is also an integral part of the spectra blockchain. 

VC Spectra (SPCT) offers exclusive voting rights to SPCT token holders to determine their involvement in the blockchain. Further, VC Spectra (SPCT) has no intermediaries, making trading and transactions extremely simple on its blockchain. 

Meanwhile, the inclusion of investors in determining investment strategies and the credibility of ICOs across the blockchain also helps retain assets and provide ample investment opportunities.

Moving forward, VC Spectra (SPCT) has raised over $2.4 million in its private presale events. 

The ongoing public presale stage 1 has sold 60% of the exclusive 125 million tokens at $0.008. Stage 2 is forecasted to witness a 37.5% price hike from $0.008 to $0.011. Consecutive stages will raise the price gradually until the launch target price of $0.08 is achieved, marking a 900% surge from its current value. 

Are you interested in VC Spectra (SPCT)? Learn more from the following links:

Buy Presale | Website | Telegram | Twitter


This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content.

Petar Jovanovic
I am Petar, and my job with BeInCrypto is the position of Commercial Creative Lead and Editor. I truly believe in the future of web3 and DeFi technologies . Do not hesitate to...