Ethereum News: Firm Holds 4.9% of ETH, Analysts See Pepeto 100x
If you hold ETH or plan to buy some, this week's ethereum news is the kind you read twice. One company now owns 6,016,414 ETH, roughly 4.9% of every ETH in existence, per Decrypt. Yet ETH fell 5.5% the day Tom Lee shared that number, and it still trades near $2,530.
That kind of gap rarely lasts. In past cycles, coins that big buyers locked away climbed later, once regular buyers came back and found less left to buy. Bitmine's play was simple: grab the supply before everyone else wants it.
Smaller buyers are now running that same play one size down, with Pepeto. Built by the cofounder of the original Pepe, it already runs its own exchange and has drawn over $11.1 million before it ever trades.
What Does the Latest Ethereum News Say About the Biggest ETH Buyer?
Bitmine held 6,016,414 ETH as of October 4, 2026, per The Defiant. Tom Lee says the firm will stop buying at 5%, which leaves only about 100,000 ETH to go. He told Decrypt on October 7 that a plan built for five years got done in just over one.
Put simply, one buyer pulled almost 1 in every 20 ETH off the market in a single year. Those coins are not coming back for sale, so everyone else now competes for fewer of them. Great news for ETH holders, but it raises a sharper question: where does the next early move come from?
What Does This Ethereum News Mean for People Hunting Bigger Gains?
Why Is Pepeto Catching Eyes While Ethereum Waits Near $2,530?
Here is the catch with ETH. It needs billions of dollars to move a few percent. A small coin with a real product needs far less, and that gap is exactly where early money gets made. Pepeto sits right inside it, with over $11.1 million raised while the token still sells for $0.0000001898.
That money did not show up for a meme alone. It showed up for PepetoSwap, an exchange that is already live. Every trade on a normal exchange quietly eats part of your money. On Uniswap, a $1,000 trade costs $3. On PepetoSwap, it costs $0, because there is no swap fee, only network gas.
Those small cuts grow fast. Make 200 trades of $5,000 in a year, and Uniswap takes $3,000 from you. PepetoSwap takes nothing, so that money stays yours. A zero fee exchange is something people use every single day, and daily use is what builds lasting demand for a token.
Now look at where each coin sits. ETH already made its climb from cents to thousands. Pepeto has not started its climb yet, which is why analysts project it could run 100x once trading opens. At 100x, $100 put in today turns into $10,000.
That target has a track record behind it. The original Pepe, built by the same cofounder, passed an $11 billion value in December 2024 with no working product at all. Pepeto starts the race with an exchange already running.
Bitmine can buy millions of ETH and still never see 100x from it. A buyer at today's presale price still can. Each new stage sells higher than the last, so the people who move first lock in the lowest price on the whole ladder. Pepeto is the presale open today that hands a small buyer the kind of start big firms can no longer buy.
Ethereum Price Prediction: Can ETH Get Back to $3,000 in October?
ETH can reach $3,000 this month if it first wins back $2,800, per a crypto.news analysis from October 4. Today, ETH trades at $2,530, up about 0.9% in 24 hours, per CoinMarketCap. The first job is holding $2,400 to $2,500, the range buyers defended in September.
This week, the target is the mid $2,600s, then the $2,775 to $2,800 zone where ETH failed on October 2. Analyst Ted Pillows says a weekly close above $2,800 opens the way higher.
This month, crypto.news sees $2,900 first, then $3,000 to $3,100 if the climb holds. From $2,530, a trip to $3,000 is about 19%. That is a solid month for a coin this size, but it is still the slow, heavy kind of gain.
What Does This Ethereum News Mean for Your Next Move?
This ethereum news proves big firms want ETH so badly they now own almost 5% of it. Still, a 19% move to $3,000 will not change a small buyer's life.
The people whose lives ETH did change bought it in 2014, for about 31 cents, a full year before any exchange listed it. They were not smarter than anyone else. They were simply early, and $100 from that presale is worth about $800,000 today.
Pepeto sits at that same early point right now, with every stage priced above the last and a Binance listing approaching. Analysts project 100x from here, which turns a $500 buy into $50,000. That return goes to the buyers who get in before this presale closes, not to those reading about it after the upcoming listing.
Lock in Pepeto at today's presale price on the official website before the next stage raises it.
FAQs
What is the latest Ethereum news for investors?
The latest ethereum news is that Bitmine now owns 4.9% of all ETH and plans to stop at 5%. That locks away supply while ETH still trades near $2,530.
How much could Pepeto grow after listing?
Pepeto could grow 100x, analysts project, a run Bitmine can never get from ETH. Like the 2014 ETH buyers, presale buyers profit by being early, before each stage costs more.
