Ethereum
Why Ethereum is down 2.0% today
Analysis
Ethereum (ETH) slipped about 2.0% over the past 24 hours as sentiment weakened following reports that Peter Thiel and Founders Fund exited Ethereum treasury firm ETHZilla, according to an SEC filing. Selling pressure was also highlighted by coverage noting ETHZilla sold roughly $74.5M worth of ETH amid broader market pressure, which likely weighed on near-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.