According to Crypto Rover (@rovercrc), a new $1,000 Ethereum giveaway is being launched on Instagram, requiring users to follow his account and like his latest post for a chance to win, with the winner announced within 24 hours (source: Twitter, May 10, 2025). Such high-profile giveaways often drive increased engagement and short-term trading activity around ETH, as traders and retail investors anticipate heightened visibility and potential price volatility due to increased social media attention. Historically, similar crypto influencer campaigns have led to short-lived surges in Ethereum trading volumes and heightened interest from new market participants, which can create both buying and selling opportunities for active traders (source: CryptoQuant, 2024).

According to Crypto Rover on Twitter, the trader has realized approximately $800,000 in profit from an Ethereum trade and is considering another giveaway if his account reaches $1 million (source: Crypto Rover Twitter, May 10, 2025). Such significant trading gains and public announcements often influence retail sentiment and can lead to increased trading volume and short-term volatility in Ethereum and related altcoins. Traders should monitor Ethereum price action closely, as high-profile disclosures and potential giveaways may drive speculative interest and affect order book dynamics in the near term.