BitMine added $47 million worth of ETH to its treasury in just two weeks, pushing its total past 5 million coins valued above $11.7 billion. Tom Lee’s fund is accumulating Ethereum at levels most retail traders still call the bottom, and this Ethereum news confirms what institutional wallets decided while everyone else waited. That same conviction is building inside Pepeto, a presale by the original Pepe coin cofounder that has crossed $9 million raised with a Binance listing approaching. The capital flowing in during a fearful market speaks louder than any price chart.
Ethereum News: BitMine Loads $47M in ETH as Foundation Offloads Supply
The Ethereum Foundation completed two sales of 10,000 ETH each to BitMine Immersion Technologies, totaling roughly $47 million according to CoinDesk.
BitMine now holds over 5 million ETH and has staked more than 4 million of those coins. ETH trades near $2,315 as of May 3, sitting 53% below its August 2025 all time high of $4,946 according to CoinGecko. The foundation says proceeds fund protocol research and grants, but the size of the buyer confirms institutional capital treats these levels as a floor worth loading up on.
Where ETH and Pepeto Stand as the Listing Window Narrows
Pepeto
BitMine loading millions of ETH shows conviction, but even that level of buying faces a math ceiling. ETH needs to double just to revisit $4,600, and at a market cap above $280 billion, a 10x from here would need trillions in new capital. Pepeto removes that ceiling entirely.
While most presales sell promises with nothing built behind them, Pepeto arrived with working tools and a founder who already built one of crypto’s biggest coins. PepetoSwap runs zero fee trades right now, and holders who entered early keep adding because the product delivers on every claim the team made.
Pepeto offers what no other meme coin presale has delivered, a live trading platform with a risk scorer that checks smart contracts before capital goes in, so buyers protect their money instead of guessing. This Ethereum news cycle is proving exactly why utility at presale prices beats speculation at large cap levels.
Finding a presale this complete at $0.0000001864 per token is something the market produces once per cycle at best. Built by the cofounder who created the original Pepe coin and backed by a former Binance expert on the dev team, Pepeto has raised more than $9 million while staking at 175% APY rewards those who committed while the entry was still open.
SolidProof audited every contract, the exchange runs live, and the listing is the single event that turns this entry into real returns. Analysts project 100x to 300x once trading begins on the Pepeto presale exchange.
The Ethereum news around BitMine proves smart money positions before the crowd arrives, and the presale entry that the largest wallets already locked in vanishes permanently at the Binance listing.
Ethereum (ETH) Price Prediction
ETH trades at $2,315 as of May 3 and sits 53% below its all time high of $4,946 from August 2025. The 200 day moving average at $2,345 remains the key resistance level according to CoinDCX. A weekly close above $2,350 opens $2,420, while losing $2,200 could pull ETH toward $2,000.
The monthly target for May sits at $2,550 with a range of $2,200 to $2,700. ETH posted a 12% gain in April, and Bitcoin ETF inflows turning positive have supported the broader Ethereum news cycle. But even a best case move to $2,700 delivers roughly 16% from current prices, and for traders looking for returns that change portfolios, presale math tells a very different story.
Conclusion
Pepeto was built with timing that only happens when the right founder returns at the right moment, and the 2026 market is exactly where this presale delivers.
The same cofounder took the original Pepe coin past $11 billion with zero products and the same 420 trillion supply, and matching that price from the current presale entry works out to 150x, with a working exchange behind it this time. Everyone who built wealth from ETH or any other major coin listing made one decision.
They moved while the entry was still open. That entry is open right now inside the Pepeto presale, and every stage that fills brings the Binance listing closer. Entering through the Pepeto official website now is how the returns from this listing get secured, and missing this window could become the most expensive wait of this entire cycle.
Click To Visit Pepeto Website To Enter The Presale
FAQ
What does this Ethereum news about BitMine mean for crypto?
BitMine buying $47 million in ETH confirms big wallets are accumulating. The same pattern is building inside the Pepeto presale before its Binance listing.
Where can traders follow the latest Ethereum news?
CoinDesk and CoinGecko cover real time Ethereum news and prices. Pepeto updates are on the Pepeto official website.
Why are analysts watching Pepeto alongside major Ethereum news?
The original Pepe coin cofounder built Pepeto with the same 420 trillion supply. Matching that coin’s peak from presale entry delivers 150x.
