Ethereum’s Price Control Shift: Wall Street Capital Takes the Wheel

Wall Street giant BitMine has emerged as a dominant force in Ethereum’s price dynamics, overtaking longtime leader SharpLink with a rapid and calculated buying spree. The move marks a significant shift in control of ETH pricing power, redefining Ethereum from a community-held currency to a tradable financial asset within the realm of Wall Street investment strategies. 830,000 ETH purchased in just 35 days by BitMine has propelled it to become the world’s largest ETH treasury, raising questions about how this new structure will reshape the ecosystem.