ETH Below $4K While Solana & Digitap Witness Growing Whale Demand – Can They Lead the Next Bull Run?
Ethereum’s (ETH) run from below $1,500 to above $4,500 throughout 2025 has run out of steam. The world’s second-largest cryptocurrency by market cap is now struggling to recapture and trade meaningfully above the $4,000 level.
Meanwhile, Solana (SOL) received a boost of confidence on Oct. 21 from a whale buyer, and Digitap ($TAP), the world’s first “omni-bank,” is also benefiting from notable whale accumulation and heightened interest.
ETH Below $4K Despite ETF Flows — How To Read This Setup
Ethereum’s price has eclipsed the $4,500 level on several occasions this year, and each time it was followed by selling pressure. Many investors who had hoped for a run to $5,000 are now accepting a sub-$4,000 price.
First, Ethereum ETF funds have benefited from $14.45 billion in cumulative net inflows. This has brought total net assets of ETH Spot ETFs to $26.83 billion, representing more than 5.5% of Ethereum’s market cap.
Second, ETH reserves on exchanges have fallen from 27 million in 2022 to 15.9 million today. Falling exchange reserves are one of the clearest signs that investors are moving coins to self-custody, so the coins cannot be sold.
Ethereum does have several catalysts to support growth, but recent price action below $4,000 suggests investors are overlooking or not accepting these positive signs.
Whale Buys $369M Of SOL — Can It Push Back Toward $250?
On Tuesday, Oct. 21, a massive Solana purchase was picked up by on-chain analysts and experts. Someone bought $369 million worth of Solana, indicating extreme confidence in Solana’s outlook.
While Solana hasn’t had any specific news or recent events to justify such a large purchase, the project’s fundamentals remain strong. Solana’s high throughput and growing presence across DeFi, NFTs, and Web3 gaming have many convinced that a return above $250 is imminent.
Source: @DefiWimar
Meanwhile, Solana is becoming an increasingly favored choice among crypto treasury companies. Forward Industries alone owns 1.25% of the total SOL supply, while nine Solana treasury companies combine for 2.5% ownership.
These treasury companies are committed to buying billions of dollars of additional SOL tokens over time. Encouragingly, they are attracted to a superior staking yield, which assists in lifting SOL per share without the need to raise new capital or dilute investors.
3 Reasons Whales Eye $TAP: Live App, Visa Card, Execution
Whales typically focus their attention on major blue-chip cryptos, but most allocate a small portion in their hunt for crypto presales with 100x potential. We are seeing whales diversifying away from Ethereum into promising early-stage projects.
One name that stands out is Digitap, the company behind a new banking product built for the modern era.
Digitap, currently in its presale phase, is a banking app that blends fiat and crypto, allowing users to send, receive, invest, save, and swap their money. A Visa-branded card lets users spend their money, even from their crypto balances, as the app converts the required amount at the time of purchase.
Essentially, the app blends fintech infrastructure with crypto to bridge fiat and digital money. This unique value proposition has given it a level of credibility that most presales lack.
Why A Near-Sold-Out Round Signals Rising Confidence
Large investors aren’t careless with their money and don’t settle for mediocrity. Many whales recognize that Digitap is one of the few crypto presales with real utility, a live product, and active users, all of which de-risks the project.
Currently in its second presale round, Digitap is offered for sale at $0.0194 and is nearly 50% sold out, so a move to the third round at a price of $0.0268 is imminent.
These whales are also crypto experts and have the opportunity to download the live app, transfer a few dollars, and see for themselves how it performs. This product-led traction has many whales convinced that getting in at a sub-$0.02 price could result in enormous upside potential if Digitap’s usage grows.
Digitap’s tokenomics also aligns with whale interests. A portion of the platform’s revenue model (fees from platform usage) feeds back into the token through a buyback and burn mechanism. This investor-friendly policy could help in driving long-term value for $TAP holders, especially if it boasts millions of active users.
Source: Digitap
Why Stuck ETH May Push Capital Toward SOL And $TAP
Digitap and Solana whales are betting that their investment could outrun a stalling Ethereum in the next bull phase. Digitap offers innovation and large potential, especially for a new startup still in its presale phase. Solana provides the potential to scale its already extensive network and gain share against its rivals.
If Ethereum remains stuck below $4,000, it shouldn’t come as a surprise if more whale investors start selling their ETH positions and seek more promising upstarts, like Digitap.
Digitap is Live NOW. Learn more about their project here:
Presale https://presale.digitap.app
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
The post ETH Below $4K While Solana & Digitap Witness Growing Whale Demand – Can They Lead the Next Bull Run? appeared first on Blockonomi.
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