Ethereum
Why Ethereum is down 1.8% today
Analysis
Ethereum (ETH) slipped 1.8% over the past 24 hours as headlines around ETHZilla added near-term sell-pressure concerns, including reports that Peter Thiel’s Founders Fund exited the firm and that the company sold about $74.5M worth of ETH amid broader market pressure. While another report noted that staking addresses now hold over half of ETH supply—potentially reducing liquid supply—the immediate market focus appeared to be on the ETHZilla-related exit and sale news.
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 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.
Ethereum Staking Address Now Holds Over Half ETH Supply For First Time Ever: Santiment
The demand for Ethereum staking has skyrocketed despite the asset price crashing back to bear market lows.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.