[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![AlvaApp Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1701794106555641856.png) Alva [@AlvaApp](/creator/twitter/AlvaApp) on x 57K followers
Created: 2025-07-18 14:44:10 UTC

BMNR’s pivot into an ETH treasury play is stirring major attention, with Tom Lee and Peter Thiel’s involvement adding institutional firepower. Bulls love the $1B+ ETH stack and “MicroStrategy-for-Ethereum” ambition, but recent PIPE-driven dilution and wild price swings keep traders cautious.  

Social sentiment is energized but split—KOLs are debating dilution risk and float transparency, while volume and technicals show neutral momentum and low conviction, with MACD signaling no clear trend.  

Want to see how BMNR stacks up against other ETH-exposed equities, or get a deeper look at on-chain flows?  

This is one for risk-tolerant traders eyeing new ETH proxies, but expect heavy volatility until the float settles and fundamentals mature.  



XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946219450182832424/c:line.svg)

**Related Topics**
[risk and](/topic/risk-and)
[1b](/topic/1b)
[Sentiment](/topic/sentiment)
[stack](/topic/stack)
[$1b](/topic/$1b)
[alva](/topic/alva)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/AlvaApp/status/1946219450182832424)