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According to CoinDesk, Ethereum developers have officially set a test date for the Pectra upgrade, which is the network's first upgrade in 11 months and is expected to be released in April. Ethereum's core developers decided on their bi-weekly "All Core Developers" call on Thursday to start testing Pectra on the Holesky testnet from February 26th, followed by further tests planned on the Sepolia testnet from March 5th. If these tests are successful, developers will meet again on March 6th to determine when to officially release the upgrade. According to Tim Beiko, protocol support lead at Ethereum Foundation, it is anticipated that the upgrade will go live on mainnet in early April. Pectra will include a series of improvements - with particular focus on wallets and validators. Pectra combines two independent upgrades: Prague and Electra; it includes eight major enhancements for Ethereum. The most anticipated one is EIP-7702 which aims at improving user experience of cryptocurrency wallets; addresses known as Externally Owned Accounts (EOA) in Ethereum will be reconfigured to support smart contract functionality. Another key feature of Pectra, EIP-7251 allows validators increase their staked ETH amount - from 32 ETH up to 2,048 ETH; it also helps speed up new node setup process - current system causes validators need queueing for weeks before they can launch new infrastructure.

PANews reported on February 7th, according to Onchain Lens monitoring, three hours ago, a whale spent 974.64 stETH (worth $2.62 million) to purchase 2808.5 billion PEPE tokens. The whale now holds 1.4 trillion PEPE tokens worth $13 million. Previously, the same whale bought 1.439 trillion PEPE with 1.52 million DAI/sDAI and sold 2808.5 billion PEPE for 4.7 million DAI/USDC . This whale is currently profiting by $13.6 million.