Sometimes it’s that simple.
ethereum:0x75231f58b43240c9718dd58b4967c5114342a86c by OKX - $1.7B hitting $4B MC at peak.
In a bear market the best outliers to outperforming BTC are exchanges.
There’s no reason that ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 at $450M MC