“It was a good decision,” wrote Doctor Profit, adding that XRP’s price has dipped 7% since his liquidation, while ETH’s price jumped 6%.

Ethereum is witnessing a renaissance following the Pectra upgrade on May 7, which enhanced scalability, staking, and wallet functionality, driving an almost 50% monthly price surge and renewed investor confidence.

For instance, Ethereum funds witnessed $321 million in inflows in the week ending May 30, thus recording their best 6-week run since December 2024. At the same time,  XRP saw its second week of outflows of $28.2 million, according to CoinShares.