Ethereum saw a huge sale in the early hours of negotiation on Monday while diving below the $ 2.1,000 bar – one 25% drop in its opening price That day.
This fall is the result of whale portfolios that liquidate their positions in $ ETH. For example, two dormant wallets sent $ 149 million and $ ETH $ in Bitfinex. These portfolios were active for the last time in 2019 when a withdrawal of $ 77,736 ETH was made.
Aave ($ aave) also saw rapid liquidations during this period, totaling around $ 200 million.
Most of this liquidation came in the loans guaranteed by $ ETH ($ Weth), showing the bastion of $ ETH in the DEFI and Crypto loan sector. Consequently, the total locked value (TVL) in $ ETH DEFI also increased from $ 63 billion to $ 54 billion.
This fall is similar in the fall of August 2024, which was launched by the restrictions imposed on the Japanese Yen transport profession. $ ETH fell to a hollow of $ 2,112 at the time.
However, in just 17 weeks, Ethereum returned and crossed the $ 4,000 mark. So this recent fall is not the end of things. Rather, it should be considered a healthy correction on the market.
Gathered, the whales bought a total of $ 50,429 ETH in the fall. This lit recovery hopes in the middle of long -term holders. Many whales have really “bought the decline”, pointing out Long way to go for Ethereum.
Voyage to the top of Solana
As Ethereum is in restless waters, Solana has made significant progress.
Solana Stablecoins doubled in market capitalization in January – from $ 5.1 billion to $ 11.4 billion. This enormous increase can be attributed to the growing popularity of coins on the network.
Since Trump launched his own same, based in Solana ,, The Solana Stablecoin supply increased by more than 73%. Interestingly, the $ USDC de Circle is Etiné to the most sought after channel in the channel, standing $ 9.25 billion.
This represents more than 80% of all stablecoin transactions on the network.
On the other hand, on chains like Ethereum and Tron, the $ UDST de Tether is the most dominant stable, with values of $ 65 billion and $ 60 billion, respectively.
In particular, $ USDC was the fastest growth in 2024 at a rate of 78%. Its current evaluation amounts to $ 53 billion, which is still at a certain distance from UDST to 139.5 billion dollars.
However, Circle has made a lot of progress to reduce this gap. It was recently put online on the Mainnet Aptos.
Seeing the growth of the stablecoins associated with a boost of memes by the President of the United States himself, it is fair to say that Altcoins have a bright future to come.
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Finally and above all, be sure to do your own research before investing in cryptographic markets, because they can be very volatile.
In addition, this article does not replace professional financial advice, and we recommend that you consult your advisor before taking a step.