Ethereum
Why Ethereum is down 1.3% in the last hour
Analysis
Ethereum (ETH) slipped 1.3% over the past hour as traders reacted to reports that Peter Thiel and Founders Fund exited Ethereum treasury firm ETHZilla, a development framed as a potential regulatory and sentiment headwind. Selling pressure was also linked to coverage that ETHZilla sold about $74.5M worth of ETH amid market pressure, which likely weighed on short-term price action.
Contributing Factors (3)
Peter Thiel Quietly Exits Ethereum Treasury Firm ETHZilla – Warning Sign for the DAT Model?
Founders Fund Exits Ethereum Treasury Firm ETHZilla, SEC Shows The post Peter Thiel Quietly Exits Ethereum Treasury Firm ETHZilla – Warning Sign for the DAT Model? appeared first on Cryptonews.
Peter Thiel and Founders Fund exit Ethereum treasury firm ETHZilla, SEC filing shows
Peter Thiel fully exits ETHZilla, filing shows, as shares slide and the firm shifts from ether buildup to tokenization.
Peter Thiel Exits ETHZilla, Company Sells $74.5M in ETH Amid Market Pressure
Once holding over 100,000 ETH, ETHZilla liquidated some to cover debt and repurchase stock.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.