Ethereum and Cardano are showing early signs of recovery amid extreme market fear. According to CoinMarketCap, ETH traded at $2,255 on April 11, up 0.52% in 24 hours, after the Ethereum Foundation staked 70,000 ETH worth $143 million. Despite the bounce, ETH remains 55% below its all-time high of $4,953, with a $267 billion market cap.
ADA Whale Wallets Hit Four-Month High
Cardano climbed to $0.249, up 10% from its weekly low. On-chain data reveals addresses holding 10 million or more ADA grew 5.2% over nine weeks to 424 wallets, accumulating 819 million ADA (worth $214 million) while the Crypto Fear & Greed Index sat at 14. The Cardano network also surpassed 120 million total transactions on April 9, and Protocol 11 hard fork targeting April deployment will introduce on-chain governance voting for ADA holders.
Pepeto Presale: $8.92M Raised with Binance Listing in Sight
A new project called Pepeto is drawing early capital. Its presale has raised over $8.92 million through ETH, USDT, and card payments, with thousands of holders already onboard. Built on Ethereum, Pepeto offers a risk scorer that checks smart contracts for drain functions and hidden supply manipulation before trades, plus PepetoSwap, a cross-chain exchange with zero transaction fees. The contract has been audited by SolidProof, and the development team previously ran Binance trading infrastructure. Staking rewards are offered at 185% APY. At a token price of $0.0000001863, Pepeto claims a Binance listing is approaching, aiming to replicate the explosive returns of earlier meme coins like Pepe.
Market Sentiment Still Fragile
Despite the bounces in ETH and ADA, the overall market fear index remains at 14, keeping most traders on the sidelines. Whale accumulation suggests long-term conviction, but ADA's path from $0.249 back above $3 would require a full bull cycle. For Pepeto, the presale window may close quickly once the claimed Binance listing goes live.