Ethereum (ETH) Surges on Upgrade and Institutional Buying Spree
Ethereum is back in the spotlight, posting an 8% jump in price amid bullish developments. The network’s Pectra upgrade, featuring EIP-7702, has sparked optimism across the crypto community. This update allows Externally Owned Accounts (EOAs) to temporarily act like smart contracts—enabling gasless transactions, delegated permissions, and a more seamless dApp experience.
Backing this technical milestone is major capital flow: Abraxas Capital has scooped up 211,030 ETH, worth approximately $477 million, over six days. This accumulation signals strong institutional confidence in Ethereum’s future, particularly with growing use cases in DeFi and tokenized finance.
📌 Key Takeaway: Ethereum is aligning for a strong 2025 with both fundamental upgrades and whale-level accumulation driving momentum.
GRASS Token Rockets 36% as AI and Bandwidth Monetization Hype Builds
The GRASS token is blazing hot, soaring over 36% in 24 hours and breaking above the $2 mark. GRASS offers a unique value proposition: allowing users to share idle internet bandwidth to train AI models—creating a novel intersection of AI, decentralized computing, and passive income.
Backed by Polychain Capital and Tribe Capital, GRASS is gaining traction among DePIN and AI-token enthusiasts. As global demand for GPU data and AI infrastructure rises, GRASS is positioning itself as a Web3-native bandwidth marketplace.
📌 Key Insight: With AI demand surging, GRASS is becoming a favorite in the DePIN and AI-token narrative of 2025.
ConstitutionDAO’s PEOPLE Token Pumps 46% Despite Dormancy
The PEOPLE token, originally launched by ConstitutionDAO to crowdfund a copy of the U.S. Constitution, is back in action—jumping over 46% in a surprise rally. Although the DAO dissolved in 2021 and the token has no utility, it continues to trade as a meme coin and symbol of decentralized community efforts.
Much like other meme-driven tokens, PEOPLE’s price movements are driven by community sentiment, social media momentum, and speculative trading.
📌 Key Insight: PEOPLE is proof that narrative and nostalgia can still move markets in crypto—even for inactive projects.
Pi Network (PI) Sees Fresh Gains Ahead of Key May Announcement
The Pi Network (PI) token climbed 3.34%, trading at $1.16, as anticipation builds for a major ecosystem update slated for May 14. Pi’s mobile-first blockchain, with a focus on inclusive crypto adoption through KYC and mining via smartphones, continues to attract attention.
Although still in an enclosed mainnet phase, Pi’s team has hinted at progress toward open mainnet launch and wider ecosystem integration. Community-driven apps and decentralized services are expected to feature prominently in upcoming developments.
📌 Key Insight: With over 40 million engaged users, Pi Network’s May reveal could be a game-changer.
ETHFI Surges 17% as weETH Gains Momentum in DeFi Markets
ether.fi’s ETHFI token rallied by nearly 18%, climbing to $1.31, thanks to increased adoption of its staking derivative, weETH. It’s now being used as margin collateral on trading platforms like Polynomial, and has been integrated into high-yield strategies on Lagoon Finance and Turtle Clubhouse.
These integrations enhance the utility of weETH and demonstrate growing confidence in ether.fi’s liquid staking infrastructure—a key trend within the DeFi ecosystem as Ethereum’s proof-of-stake economy matures.
📌 Key Insight: Liquid staking derivatives like weETH are creating real yield and utility across DeFi, and ETHFI is riding that wave.
Market Sentiment: Tech Stocks & Crypto Risk-On Rally
Outside crypto, the Nasdaq index continues its climb, driven by AI megacaps and data center innovation. Major gains from Nvidia, AMD’s $6B buyback, and Super Micro Computer’s 17% rally reflect global optimism in AI infrastructure.
The crypto market is benefiting from this broader risk-on sentiment, as investors re-enter speculative assets amid renewed liquidity flows.
📌 Key Insight: As tech leads equity markets higher, crypto is moving in tandem, with AI tokens and Ethereum ecosystem assets outperforming.
Final Thoughts: Innovation and Risk Appetite Reignite Crypto Bulls
From Ethereum’s smart account revolution to GRASS’s AI-powered DePIN model, the crypto space is heating up again. Institutional investors are buying in, retail traders are chasing narratives, and new sectors—like AI and bandwidth monetization—are taking center stage.
Expect increased volatility, short-term pullbacks, but also opportunities as innovation continues to drive market interest in 2025.
❓ Frequently Asked Questions (FAQs)
Q1: What is the Pectra upgrade in Ethereum?
A: It’s an upcoming Ethereum update introducing EIP-7702, allowing EOAs to behave like smart contracts, enabling smoother, gasless, and programmable interactions.
Q2: Why is Ethereum rising despite market uncertainty?
A: Ethereum is gaining due to major upgrades, large institutional purchases, and increased utility in staking and DeFi applications.
Q3: Is GRASS token a good investment?
A: GRASS is speculative but innovative. It supports monetization of idle bandwidth for AI training—a growing demand sector.
Q4: What’s next for Pi Network?
A: A major announcement is expected on May 14, possibly related to open mainnet or ecosystem expansion.
Q5: Why is ETHFI pumping?
A: weETH, a liquid staking derivative from ether.fi, is being integrated into DeFi platforms—driving demand for the ETHFI governance token.
Q6: Why is PEOPLE token rising again?
A: PEOPLE is being driven by meme coin speculation, despite the underlying DAO being inactive since 2021.
📢 Disclaimer:
This article is for informational and educational purposes only. It is not financial advice. Cryptocurrency investments carry risks. Do your own research (DYOR) before investing.
