According to jesse.base.eth on Twitter, recent sightings of 'very cute labubu' NFTs in the wild have sparked renewed interest in NFT trading activity, particularly among collectors and traders monitoring ETH-based assets. This event has led to increased traffic on NFT marketplaces and a noticeable uptick in Ethereum (ETH) transaction volumes, as traders look to capitalize on trending digital collectibles. Source: Twitter (@jessepollak, June 13, 2025).

According to Milk Road (@MilkRoadDaily), many traders are focusing on the wrong charts, suggesting that on-chain activity, such as wallet growth and transaction volume, provides more actionable trading signals than traditional price charts (source: themilkroad.beehiiv.com, June 7, 2025). The report highlights that recent surges in new wallet addresses and increased on-chain transactions have historically preceded major moves in Bitcoin and Ethereum prices. This shift in focus can guide traders toward early trend identification and more strategic entry and exit points in the crypto market.

According to Eric Cryptoman, a prominent analyst, the anticipated return to Ethereum on-chain activity signals a potential significant uptick in transaction volumes and decentralized finance engagement (source: Eric Cryptoman via Twitter, May 27, 2025). For traders, this resurgence could lead to increased volatility and liquidity in ETH and related DeFi tokens, offering multiple entry points for both swing and day trading strategies. Monitoring on-chain metrics and DeFi protocol usage is recommended for identifying early momentum shifts and capitalizing on trending crypto assets.