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Retail Writes Off Ethereum, Making Recovery More Likely: Santiment

The “crowd has written off Ethereum,” reported Santiment on Tuesday. However, this makes the probability of a rebound “substantially higher,” it added. The onchain analytics platform said that Ethereum’s social sentiment has fallen into an “extreme fear zone” as traders react to months of underperformance relative to Bitcoin and many other altcoins. The recent selloff […]

Ethereum Has 3x More Holders Than Bitcoin Despite a Brutal Price Decline: Analyst

Ethereum has emerged as the blockchain with the largest number of holders, far ahead of Bitcoin. Data on non-empty wallets shows that Ethereum has around 189.49 million holders, which is more than three times Bitcoin’s 59.08 million. Network Growth vs Market Performance The figures, shared by the head of research at Lisk, analyst Leon Waidmann, […]

Here’s How Deeply Underwater Corporate Crypto Bets Have Become After Latest Crash

The past week or so has been nothing short of a bloodbath in the cryptocurrency markets, with bitcoin plummeting to $59,000 on Friday for the first time in 19 months. Aside from losing more than $20,000 in approximately three weeks, BTC’s calamity dragged almost all altcoins. This has intensified the pressure on the largest corporate […]

Is Joseph Lubin Abandoning Ethereum as Analysts Warn of a $1K Crash?

In such times of distress where all crypto assets head south, including the largest altcoin, the retail public generally turns to more experienced and prominent names to look for support. In an interesting development, though, one of the key crypto figures with a long connection to Ethereum, ConsenSys co-founder Joseph Lubin, has made a large […]

This Nasdaq Firm Chasing 10% of Ethereum (ETH) Supply Now Sits on an $85M Hit

Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount. According to data shared by blockchain analytics platform Lookonchain, the company acquired 50,770 ETH for around $196 million at an average price of […]

Ethereum’s Largest Wallets Now Control Over 22% of Supply Amid Fresh Accumulation Wave

Ethereum (ETH) briefly plunged below the $2,000 threshold this week for the first time since March 29. While the price has since stabilized and is currently trading near $2,002, it still remains almost 60% below August’s high of nearly $5,000. But data suggest that ETH’s largest whales are accumulating again ETH Whales Tighten Grip on […]

“Ethereum Is a Giver, Not a Taker”: David Hoffman Explains ETH Exit

Bankless co-founder David Hoffman said he sold his Ether holdings because he believes the long-standing “ETH is money” thesis has already largely played out. Despite this, he remains strongly bullish on Ethereum as a network. According to Hoffman, the decision did not come lightly, given that he built his career, business, community, and identity around […]

Massive $20K Bull Market For Ethereum Coming, But $1,500 Could Come First: Analysts

Crypto investor ‘DeFi Dad’ said on Tuesday that once Ether prices reach $5,000, it will take off, mirroring the price action Bitcoin saw almost a decade ago. The last cycle “was so off for ETH, despite all that’s been built on Ethereum,” he said, citing major institutional involvement, stablecoins, and ETFs. “Fundamentals clearly needed time […]