Ethereum Stablecoin Usage Jumps 400% in 30 Days as Whales Buy the Dip — $5K ETH Next?

Ethereum stablecoin usage has exploded 400% over 30 days to reach a new all-time high of $580.9B with over 12.5M transfers, while on-chain data shows whales aggressively accumulating ETH at the $3,738 support level including a newly created wallet spending $32.47M for 8,491 ETH, positioning the leading altcoin toward the highly coveted $5,000 mark that was rejected at $4,953 in August.

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