Ethereum
Why Ethereum is down 1.0% in the last hour
Analysis
Ethereum slipped about 1% over the past hour as sentiment around NFTs and related tokens weakened following reports that prominent NFT advocate Steve Aoki sold holdings including ETH. CoinDesk noted Aoki’s Bored Ape NFTs are down 88%, reinforcing a risk-off tone that likely pressured ETH modestly in the short term.
Contributing Factors (1)
NFT bull Steve Aoki sells his SHIB, ETH, and PEPE. His Bored Apes are down 88%.
The DJ who told CoinDesk in 2021 that NFTs would be "part of culture" within five years is quietly exiting crypto.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.