Ethereum News: ETH Reclaims 42% Of Outflows Causing A Price Surge, Investors Also Buying ETH-Based Coins, Cutoshi, And Floki

Having
witnessed
significant
outflows
in
the
past
weeks,
Ethereum
has
regained
42%
of
the
outflows
from
Solana,
triggering
massive
rallies
for
the
Ether
token.
Data
from
on-chain
market
tracker
LookonchainLookonchain“>

Lookonchain

shows
how
the
Ether
ETF
inflow
surged
by
a
staggering
$30M
as
the
altcoin
prepares
to
break
through
the
$3k
mark.

Meanwhile,
the
Ethereum-based
meme
coin
Floki
has
continued
to
witness
huge
adoption,
with
signs
of
a
massive
breakout.
CutoshiCutoshi“>

Cutoshi‘s
ongoing
presale
has
also
continued
to
attract
whales,
with
over
$700k
raised
in
presale
funding.
With
the
recent
CoinMarketCap
listing,
the
CUTO
token
is
projected
to
hit
40x
before
listing
to
major
exchanges.  

Investors
Rush
Ethereum-Based
Meme
Coin
Cutoshi

The
recent
resurgence
of
Ethereum
has
triggered
a
buying
frenzy
for
Ethereum-based
meme
coins
like
Cutoshi.
The
Cutoshi
project
has
been
in
the
spotlight
in
the
past
few
weeks
due
to
its
unique
use
cases.
Unlike
Solana
meme
coins
like
Bonk
and
Dogwifhat,
which
have
no
use
case,
Cutoshi
is
a
hybrid
platform
with
a
fun
meme
coin
and
DEX
exchange. 

The
Cutoshi
multichain
decentralized
exchange
is
designed
to
bring
blockchains
together
and
allow
for
easy
trading
and
swapping
of
digital
assets.
This
is
comparable
to
the
likes
of
Uniswap.
The
native
token,
CUTO,
holds
strong
utility
as
it
is
used
for
trading
discounts
in
the
DEX
and
also
for
transactions
in
the
Cutoshi
Academy,
a
place
to
learn
more
about
cryptos. 

Meanwhile,
the
Cutoshi
farming
protocol
is
live,
giving
investors
the
opportunity
to
earn
by
doing
little
tasks.
As
one
of
the
features
in
the
ecosystem,
the
farming
pool
is
designed
to
reward
participants
who
complete
certain
tasks
with
coins
that
can
be
redeemed
for
CUTO
tokens
when
the
platform
launches. 

This
comes
barely
a
few
weeks
after
the
CoinMarketCap
listing,
which
drove
the
adoption.
With
the
limited
440M
total
supply
and
the
deflationary
mechanism,
the
Cutoshi
price
could
hit
$1
in
early
2025.

Ethereum
Blockchain
Reclaims
42%
Of
Outflows
As
Price
Surges

Ethereum,
the
popular
altcoin,

has
recovered
42%
of
the
outflows,
triggering
massive
rallies.
According
to
crypto
analyst
Michael NadeauMichael Nadeau“>

Michael
Nadeau

on
X,
42%
of
the
Total
Value
Locked
(TVL)
that
flowed
from
Ethereum
to
Solana
made
its
way
back
to
Ethereum
in
the
past
few
months. 

Quoting
data
from
on-chain
market
tracker
ArtemisArtemis“>

Artemis,
Michael
observed
that
Solana
saw
a
$2.36B
inflow
from
Ethereum
L1
YTD,
with
over
$1B
flowing
back
to
Ethereum.
This
massive
reversal
could
be
a
result
of
privacy
concerns
with
the
Solana
blockchain.
At
the
time
of
writing,
data
from
DeFillamaDeFillama“>

DeFillama

shows
that
the
Ethereum
TVL
is
over
$54B. 

Meanwhile,
Ethereum’s
price
has
continued
to
surge,
with
over
30%
gains
in
the
past
month,
as
per
CoinMarketCap
data.
The
Ethereum
market
cap
has
also
surged
to
$352B
as
the
altcoin
establishes
support
above
the
$2900
mark.
With
over
18
technical
indicators
flashing
buy
signals,
it
is
only
a
matter
of
time
before
the
Ethereum
price
flips
the
$3000
mark. 

Source:


CoinMarketCap

Floki
Price
Set
For
Massive
Rallies

Floki,
the
popular
Ethereum-based
meme
coin,
has
witnessed
massive
rallies
in
the
past
few
days.
Data
from
CoinMarketCap
shows
that
Floki’s
price
has
increased
by
a
slight
3%
in
the
past
week
as
it
sets
support
above
the
$0.00014
support
mark. 

The
Floki
chart
from
TradingviewTradingview“>

Tradingview

shows
the
altcoin
is
trading
above
the
50-day
SMA
but
below
the
200-day
SMA.
However,
over
20
key
market
indicators
are
pointing
towards
a
bullish
signal,
with
the
RSI
(51)
not
yet
in
the
overbought
zone. 

According
to
Bitcoin MeraklisiBitcoin Meraklisi“>

Bitcoin
Meraklisi,
a
popular
analyst
on
X,
the
Floki
price
is
testing
the
symmetrical
triangle
resistance
again.
A
continued
rise
and
close
above
the
resistance
levels
indicated
in
the
chart
could
trigger
more
bullish
momentum.
With
the
ongoing
market
rally,
the
Floki
token
could
retest
the
$0.00034
all-time
high
before
the
end
of
2024. 

Source:
Bitcoin Meraklisi on XBitcoin Meraklisi on X“>

Bitcoin
Meraklisi
on
X

Will
Ethereum
Coin
Cutoshi
Lead
The
Next
Market
Rally?

With
Ethereum
reclaiming
its
position
as
a
market
leader,
Ethereum
meme
coins
like
Cutoshi
and
Floki
could
lead
the
next
market
rally.
Cutoshi
is
a
project
backed
by
DEX
and
features
an
educational
platform
that
will
draw
investors’
attention.
Adding
to
the
farming
protocol,
the
CUTO
token
could
become
investors’
favorites
in
the
coming
weeks. 

For
more
information
on
the
Cutoshi
(CUTO)
Presale:

https://cutoshi.com/https://cutoshi.com/“>

https://cutoshi.com/

Join
and
become
a
community
member: 

https://twitter.com/CutoshiTokenhttps://twitter.com/CutoshiToken“>

https://twitter.com/CutoshiToken

https://t.me/cutoshihttps://t.me/cutoshi“>

https://t.me/cutoshi