Ethereum
Why Ethereum is down 2.5% today
Analysis
Ethereum (ETH) fell about 2.5% over the past 24 hours amid negative sentiment tied to reports that Peter Thiel and Founders Fund exited Ethereum treasury firm ETHZilla, according to an SEC filing cited by The Block. The move was compounded by coverage that ETHZilla sold roughly $74.5M worth of ETH under market pressure, adding to near-term sell-side concerns (CryptoPotato).
Contributing Factors (3)
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 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 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.