Tom Lee
On Nov. 16 Tom Lee said on X that Ether may be starting a ‘supercycle’ similar to Bitcoin’s post-2017 rally; critics argue the comparison overlooks key structural and regulatory differences. The comment adds bullish momentum to ETH sentiment but draws skepticism from some market observers.
BitMine Immersion Technologies increased its Ethereum treasury by over 3.5 million ETH, adding roughly $389 million during last week’s dip. The purchase coincided with a rally in BitMine stock and renewed investor attention to ETH treasuries and institutional accumulation.
Prominent analyst Tom Lee reportedly moved $70 million into Ethereum on Nov 5, 2025, a vote of confidence as the crypto market navigates downward pressure. The move may buoy ETH sentiment and signal renewed institutional interest.
Tom Lee, Chairman of Bitmine, and Dan Ives, Chairman of Eightco Holdings, were recently photographed together at the Hyatt Huntington Beach, California, marking a significant moment for the crypto and tech sectors in 2025.