Monday, August 25, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ethereum price struggles as large holders continue offloading

6 August 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter



Ethereum (ETH) value continues to be beneath heavy promote strain after the weekend’s market crash, with main holders persevering with to dump regardless of bulls making an attempt a restoration.

Based on X (previously Twitter) consumer Lookonchain, a whale and asset supervisor Metalpha dumped almost $73 million in ETH within the latter hours of buying and selling on Aug. 5. Onchain knowledge reveals the 2 entities moved 29,557 ETH to a Binance deposit deal with prior to now three hours.

The information comes as over $1 billion in liquidations hit the crypto market over the previous 24 hours, with ETH-related correlations representing 30% of the quantity, as knowledge from Coinglass reveals.

Furthermore, Leap Crypto has been transferring tens of millions of {dollars} in Ethereum over the previous few days. The agency has moved 72,213 ETH, value $231 million, to varied exchanges since July 25, with almost $46.8 million transferred over the weekend.

Bitget CEO Gracy Chen instructed CryptoSlate that outstanding entities like Leap Buying and selling offloading Ethereum and the bearish forecasts following ETF approvals influenced the current market downturn.

Notably, the US authorities moved 300 ETH from a pockets labeled as “Noman Saleem Seized Funds” to an unknown deal with on Aug. 5, based mostly on Arkham Intelligence knowledge. The funds have been seized in Could by the order of Choose Julie Rebecca Rubin of the US District Court docket for the District of Maryland. 

ETF strain

In the meantime, the outflows from Grayscale’s spot Ethereum exchange-traded fund (ETF) ETHE are nonetheless vital. Over $335 million left the fund on Aug. 5, outpacing the $221 million in inflows registered by BlackRock’s ETHA.

The outflows from ETHE are additionally seen as a strain level for Ethereum’s value within the quick time period, echoing the pressures exerted by the outflows from Grayscale’s GBTC within the weeks following its launch.

Talked about on this article

Newest Alpha Market Report

Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the info you learn on CryptoSlate needs to be taken as funding recommendation, nor does CryptoSlate endorse any challenge that could be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies needs to be thought-about a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no duty do you have to lose cash buying and selling cryptocurrencies.



Source link

Tags: ContinueEthereumHoldersLargeOffloadingPriceStruggles
Previous Post

Australian Federal Police Targets 2,000 Crypto Wallets In Nationwide Sweep—Here’s How

Next Post

1) What (just happened)? The Black Swan Crash, Explained. | Web3 Daily

Related Posts

Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH | Bitcoinist.com
Ethereum

Tom Lee Buys $45M In Ethereum As Bitmine Expands Treasury To $7B ETH | Bitcoinist.com

25 August 2025
As September looms, is Ethereum due a seasonable pullback?
Ethereum

As September looms, is Ethereum due a seasonable pullback?

24 August 2025
Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility
Ethereum

Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility

24 August 2025
Ethereum Open Interest Jumps 10% As $3.18B In New Positions Flood In
Ethereum

Ethereum Open Interest Jumps 10% As $3.18B In New Positions Flood In

23 August 2025
Ethereum breaks above 2021 all-time high after blistering 15% rally
Ethereum

Ethereum breaks above 2021 all-time high after blistering 15% rally

23 August 2025
Protocol Update 002 – Scale Blobs | Ethereum Foundation Blog
Ethereum

Protocol Update 002 – Scale Blobs | Ethereum Foundation Blog

23 August 2025
Next Post
1) What (just happened)? The Black Swan Crash, Explained. | Web3 Daily

1) What (just happened)? The Black Swan Crash, Explained. | Web3 Daily

Clear Bearish Market Structure Flashing for SUI, NEAR and One Additional Altcoin, Says Crypto Analyst – The Daily Hodl

Clear Bearish Market Structure Flashing for SUI, NEAR and One Additional Altcoin, Says Crypto Analyst - The Daily Hodl

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
Coinbase CEO Predicts $1M Bitcoin Driven by FOMO, ETFs, Government Action – Markets and Prices Bitcoin News

Coinbase CEO Predicts $1M Bitcoin Driven by FOMO, ETFs, Government Action – Markets and Prices Bitcoin News

25 August 2025
Hacker Moves Loot: Over 38,000 Solana Purchased With Stolen Crypto

Hacker Moves Loot: Over 38,000 Solana Purchased With Stolen Crypto

25 August 2025
Ether Soars In August—But Will September Spoil The Party?

Ether Soars In August—But Will September Spoil The Party?

24 August 2025
BlockDAG’s Presale Path to $1 Target as Solana and Ripple Navigate Markets

BlockDAG’s Presale Path to $1 Target as Solana and Ripple Navigate Markets

24 August 2025
Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

24 August 2025
Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

24 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$113,148.00-1.61%
  • ethereumEthereum(ETH)$4,743.74-0.99%
  • rippleXRP(XRP)$3.04-0.48%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$877.490.04%
  • solanaSolana(SOL)$210.190.73%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$4,733.11-0.65%
  • dogecoinDogecoin(DOGE)$0.232004-1.81%
  • tronTRON(TRX)$0.356984-2.01%