Friday, August 29, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    Avalanche Selects Funtico to Support Indie Game Developers

    Avalanche Selects Funtico to Support Indie Game Developers

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    Avalanche Selects Funtico to Support Indie Game Developers

    Avalanche Selects Funtico to Support Indie Game Developers

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Ethereum

Ethereum: These 4 ‘culprits’ fueled sell-offs, 7% price fall

April 14, 2024
in Ethereum
30
Ethereum: These 4 ‘culprits’ fueled sell-offs, 7% price fall
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Institutions sold ETH worth $105 million during the latest correction
  • On-chain data suggested the decline could be an opportunity to buy before another rally starts

Four whales including notable institutional investors took part in selling off some of their Ethereum [ETH] holdings as the altcoin’s price collapsed on the charts. In fact, ETH depreciated by over 7% in just 24 hours.

According to Lookonchain, Cumberland, a trading firm, sent a total of 17,206 ETH to exchanges. At the time of the transactions, the coins were worth $57.3 million. FTX also deposited $8.33 million worth of ETH to Binance. Finally, the other two institutions sold a combined $39.92 million in ETH.

information amount ETH sell off by whales

Source: X

Only the short-sighted may be affected

Whales sell their assets for different reasons. For some, it could be a normal profit-taking event. For others, it could be an avenue to let go after a cryptocurrency has underperformed. However, this altcoin does not seem to fall into this category.

At the time of writing, AMBCrypto could not confirm why the parties sold. But one thing was certain— The sell-offs played a big role as Ethereum’s price fell to $3,169. At press time, ETH was valued at $3,262, indicating that the cryptocurrency recovered slightly. However, it is important to check if the cryptocurrency can sustain this mild uptrend.

To do this, AMBCrypto looked at some metrics which could affect the value. First on the list was the Mean Dollar Invested Age (MDIA).

The MDIA is the average age of coins held in the same wallet. If the metric increases, then it means many coins are less active, and have remained in the same place for a long while. On the other hand, a falling MDIA implies that old coins are moving. For Ethereum, on-chain data from Santiment revealed that the 90-day MDIA spiked.

See also  Bitcoin, Ethereum: Predicting what March holds after February's brutal losses

Historically, a massive decline in the metric was accompanied by a local top. Therefore, the recent increase suggested that ETH could be undervalued, and the latest correction could be a chance to buy at lower prices before its potential rally begins.

Ethereum's metric showing how the altcoin was undervalued

Source: Santiment

Is the next path great?

Network growth was another metric AMBCrypto analyzed. This metric gauges user adoption over time. If it increases, then it means a project is gaining traction. If it decreases, it implies that the project is losing traction.

On 12 April, Ethereum’s network growth was 128,000, indicating that a lot of new addresses interacted with the project.

However, it seemed that the price decline caused the number to fall to 36,100. If network growth improves, demand for ETH might help the price action jump.

Conversely, a decline in the metric could result in stagnancy for the value. In addition, the one-day circulation dropped to 230,000, reinforcing the notion of decreased usage.

on-chain data showing how demand for ETH decreased

Source: Santiment


Is your portfolio green? Check the ETH Profit Calculator


That being said, the drop in circulation could be good for ETH as it could be a sign of less selling pressure. Should the number of coins used continue to fall, then ETH’s price might exit the awful state it has been in over the last 24 hours.

Next: Has Bitcoin (BTC) & other cryptos stabilized despite heightening tensions between Israel and Iran?

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • Institutions sold ETH worth $105 million during the latest correction
  • On-chain data suggested the decline could be an opportunity to buy before another rally starts

Four whales including notable institutional investors took part in selling off some of their Ethereum [ETH] holdings as the altcoin’s price collapsed on the charts. In fact, ETH depreciated by over 7% in just 24 hours.

See also  ChatGPT thinks Ethereum to $10,000 by 2024 is very likely

According to Lookonchain, Cumberland, a trading firm, sent a total of 17,206 ETH to exchanges. At the time of the transactions, the coins were worth $57.3 million. FTX also deposited $8.33 million worth of ETH to Binance. Finally, the other two institutions sold a combined $39.92 million in ETH.

information amount ETH sell off by whales

Source: X

Only the short-sighted may be affected

Whales sell their assets for different reasons. For some, it could be a normal profit-taking event. For others, it could be an avenue to let go after a cryptocurrency has underperformed. However, this altcoin does not seem to fall into this category.

At the time of writing, AMBCrypto could not confirm why the parties sold. But one thing was certain— The sell-offs played a big role as Ethereum’s price fell to $3,169. At press time, ETH was valued at $3,262, indicating that the cryptocurrency recovered slightly. However, it is important to check if the cryptocurrency can sustain this mild uptrend.

To do this, AMBCrypto looked at some metrics which could affect the value. First on the list was the Mean Dollar Invested Age (MDIA).

The MDIA is the average age of coins held in the same wallet. If the metric increases, then it means many coins are less active, and have remained in the same place for a long while. On the other hand, a falling MDIA implies that old coins are moving. For Ethereum, on-chain data from Santiment revealed that the 90-day MDIA spiked.

Historically, a massive decline in the metric was accompanied by a local top. Therefore, the recent increase suggested that ETH could be undervalued, and the latest correction could be a chance to buy at lower prices before its potential rally begins.

Ethereum's metric showing how the altcoin was undervalued

Source: Santiment

Is the next path great?

Network growth was another metric AMBCrypto analyzed. This metric gauges user adoption over time. If it increases, then it means a project is gaining traction. If it decreases, it implies that the project is losing traction.

See also  Bitcoin crosses $70K for new ATH - Is $100K next to fall?

On 12 April, Ethereum’s network growth was 128,000, indicating that a lot of new addresses interacted with the project.

However, it seemed that the price decline caused the number to fall to 36,100. If network growth improves, demand for ETH might help the price action jump.

Conversely, a decline in the metric could result in stagnancy for the value. In addition, the one-day circulation dropped to 230,000, reinforcing the notion of decreased usage.

on-chain data showing how demand for ETH decreased

Source: Santiment


Is your portfolio green? Check the ETH Profit Calculator


That being said, the drop in circulation could be good for ETH as it could be a sign of less selling pressure. Should the number of coins used continue to fall, then ETH’s price might exit the awful state it has been in over the last 24 hours.

Next: Has Bitcoin (BTC) & other cryptos stabilized despite heightening tensions between Israel and Iran?
Tags: culpritsEthereumFallfueledPriceselloffs

Related Posts

Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

May 17, 2025
Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K
Ethereum

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

May 17, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Multi-Year Consolidation Could Spark A Parabolic Move – Details

May 16, 2025
Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?
Ethereum

Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?

May 16, 2025
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Ethereum

Ethereum Breaks Above Key Realized Price Zones—What It Means for ETH

May 16, 2025
Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?
Ethereum

Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?

May 16, 2025
Next Post
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

Comments 30

  1. 5xosu says:
    3 months ago

    order generic clomid without a prescription where can i get generic clomiphene without prescription clomiphene challenge test protocol good rx clomid clomid chart clomid price uk clomid price cvs

    Reply
  2. buy cialis paypal says:
    3 months ago

    I couldn’t resist commenting. Adequately written!

    Reply
  3. can you take expired flagyl says:
    3 months ago

    Facts blog you procure here.. It’s obdurate to assign elevated status article like yours these days. I truly appreciate individuals like you! Take vigilance!!

    Reply
  4. prvzw says:
    3 months ago

    azithromycin 250mg cost – order tinidazole 300mg for sale buy metronidazole

    Reply
  5. 6g0lt says:
    3 months ago

    buy generic semaglutide online – purchase semaglutide online cheap periactin 4 mg price

    Reply
  6. n4vxe says:
    2 months ago

    order motilium 10mg generic – buy generic tetracycline for sale cost cyclobenzaprine 15mg

    Reply
  7. 3cf6h says:
    2 months ago

    inderal over the counter – order inderal 10mg generic how to get methotrexate without a prescription

    Reply
  8. icgpm says:
    2 months ago

    buy amoxil generic – valsartan 160mg over the counter buy generic combivent over the counter

    Reply
  9. 4gpub says:
    2 months ago

    order zithromax without prescription – purchase zithromax pills generic bystolic 5mg

    Reply
  10. 60m95 says:
    2 months ago

    augmentin 1000mg ca – https://atbioinfo.com/ ampicillin online order

    Reply
  11. e4017 says:
    2 months ago

    nexium order – https://anexamate.com/ buy nexium 40mg

    Reply
  12. ge0c0 says:
    2 months ago

    purchase warfarin online – https://coumamide.com/ buy losartan no prescription

    Reply
  13. dl8r2 says:
    2 months ago

    purchase meloxicam generic – https://moboxsin.com/ mobic 15mg pill

    Reply
  14. xqp1c says:
    2 months ago

    cost deltasone 40mg – corticosteroid prednisone drug

    Reply
  15. 12gzp says:
    2 months ago

    non prescription ed drugs – https://fastedtotake.com/ ed pills otc

    Reply
  16. btai0 says:
    2 months ago

    buy cheap amoxicillin – cheap amoxicillin pills how to buy amoxicillin

    Reply
  17. x9zwk says:
    2 months ago

    order fluconazole online cheap – site order forcan online cheap

    Reply
  18. lxslc says:
    2 months ago

    buy cenforce 50mg for sale – cenforce sale cenforce 50mg tablet

    Reply
  19. da8fe says:
    2 months ago

    buy cialis with dapoxetine in canada – ciltad genesis is cialis a controlled substance

    Reply
  20. yswb4 says:
    2 months ago

    vardenafil tadalafil sildenafil – cialis tadalafil 20mg price india pharmacy cialis

    Reply
  21. Connielet says:
    1 month ago

    buy ranitidine 300mg sale – on this site oral ranitidine 150mg

    Reply
  22. 9gbiz says:
    1 month ago

    viagra sale canada – https://strongvpls.com/# where to buy viagra online

    Reply
  23. Connielet says:
    1 month ago

    I am actually happy to glance at this blog posts which consists of tons of useful facts, thanks towards providing such data. https://gnolvade.com/es/comprar-kamagra-generico/

    Reply
  24. Connielet says:
    1 month ago

    More posts like this would make the blogosphere more useful. https://ursxdol.com/clomid-for-sale-50-mg/

    Reply
  25. s6tqf says:
    1 month ago

    Thanks for putting this up. It’s evidently done. https://prohnrg.com/product/metoprolol-25-mg-tablets/

    Reply
  26. rbclh says:
    1 month ago

    Good blog you possess here.. It’s hard to assign high worth script like yours these days. I truly appreciate individuals like you! Take guardianship!! https://aranitidine.com/fr/sibelium/

    Reply
  27. Connielet says:
    3 weeks ago

    Thanks towards putting this up. It’s okay done.
    order methotrexate for sale

    Reply
  28. Connielet says:
    2 weeks ago

    More posts like this would force the blogosphere more useful. http://sols9.com/batheo/Forum/User-Fjpkyz

    Reply
  29. Connielet says:
    6 days ago

    purchase dapagliflozin without prescription – this buy cheap forxiga

    Reply
  30. Connielet says:
    3 days ago

    buy orlistat pills for sale – https://asacostat.com/ orlistat price

    Reply

Leave a Reply Cancel reply

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

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Bitfarms adopts ‘poison pill’ amid Riot Platforms’ takeover attempt

Bitfarms adopts ‘poison pill’ amid Riot Platforms’ takeover attempt

June 10, 2024
Staking Crypto is the Low-Risk, High-Return Crypto Investment! Why Are European and American Institutions Increasing Their Staking?

Staking Crypto is the Low-Risk, High-Return Crypto Investment! Why Are European and American Institutions Increasing Their Staking?

April 10, 2025
HelpWire Expands Remote Support With Unattended Access Feature

HelpWire Expands Remote Support With Unattended Access Feature

December 23, 2024
Which NFT Marketplaces Are Thriving in the Bear Market and Why

Which NFT Marketplaces Are Thriving in the Bear Market and Why

November 30, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Trump-backed Bitcoin mining firm to go public on Nasdaq next month
  • KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming
  • GaFin Joins Cyber Crash to Advance Web3 Gaming

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.