This large Ethereum whale decided to drop their holdings following ETH's poor performance
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Since many investors are avoiding Ethereum in favor of Bitcoin and other assets, this decline is indicative of the general mood among investors. The supply metrics for Ethereum also present a difficult picture. With only 135K ETH burned annually, the network is currently experiencing a low burn rate. The developers of Ethereum had not anticipated a deflationary model like this.
WOW Summit: Bangkok to Host the Defining Innovation Event of the Year, Shaping the Future of Blockchain, Web3, AI, Mobility, and FinTechBitcoin on Edge as Odds of Massive Fed Rate Cut Skyrocket
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Super Diamond Hand' ETH Whale Sells Ethereum Stash'Diamond Hand' Ethereum whale sells substantial ETH amount as Ethereum price lulls
Read more »
Dormant Ethereum Whale Awakens with Millions in ETH After 9 YearsAncient ETH multi-million wallet becomes reactivated in unexpected development
Read more »
ETH Price Analysis: Is Ethereum on the Verge of Another Crash Below $2.5K?Crypto Blog
Read more »
Will Ethereum (ETH) Price Recover in 2024?This could be crucial moment for Ether, defining its future for next few months
Read more »
$69 Million in Ethereum (ETH) Sent to Major Crypto ExchangeEthereum witnessed intense selling pressure from whales
Read more »
Massive 300,000 Ethereum Transfer Stuns Major US ExchangeStaggering amount of Ethereum deposited to Coinbase, while ETH price goes up 3.25%
Read more »