Ethereum Price Surges Post-Pectra Upgrade
- Ethereum’s price increased nearly 50% to over $2,700 following the Pectra upgrade.
- Abraxas Capital acquired 211,030 ETH valued at approximately $477 million post-upgrade.
- The Pectra upgrade enhances staking efficiency and layer 2 scalability.
- Ethereum now ranks as the 33rd most valuable asset by market capitalization.
- Ethereum’s market cap stands at roughly $325 billion, surpassing Coca-Cola and Alibaba.
The recent activation of Ethereum’s Pectra upgrade led to a significant price rally, with Ethereum’s value surging nearly 50% to over $2,700. This increase also positioned Ethereum above Coca-Cola and Alibaba in market capitalization rankings.
Source (2.6)https://cryptobriefing.com/ethereum-pectra-upgrade-price-surge/?rand=59535
