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Ethereum flips Coca-Cola and Alibaba as ETH gains 42% in 5 days

  • Ether's market capitalization rose 42% over five days after Ethereum launched its Pectra upgrade on May 7, 2025.
  • The upgrade faced delays and technical challenges, prompting Ethereum developers to create the Hoodi testnet before deploying Pectra to mainnet.
  • Pectra improved layer-2 data storage, increased validator staking limits from 32 to 2,048 ETH, and enhanced user experience for validators and smart wallets.
  • By May 12, Ether traded near $2,550 with a market cap above $308 billion, surpassing Coca-Cola and Alibaba, whose market caps stood around $303.5 billion and $303.7 billion respectively.
  • While ETH's price surge reflects strong market confidence, experts cautioned about potential security vulnerabilities allowing attacks via offchain signed messages post-upgrade.
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coinidol.com broke the news in on Monday, May 12, 2025.
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