It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?
Ethereum is a developing blockchain and I think that it attracts new investors. There are new projects on it and new updates all the time. When Ethereum switches to proof-of-stake, miners will be replaced by validators and validators with the biggest amount of Ethereum will confirm transactions and get reward for it, so maybe whales are really prepaying for it.