CandleFocus Satoshi-Era Ethereum (ETH) Whale Just Started Selling, Reaching 446x
2024-09-16
Author: Content Editor
The summary of the given crypto news content is that an Ethereum whale from the early days of cryptocurrency recently started selling their holdings after achieving an impressive 446x return on investment. Ethereum's current struggle to sustain its momentum and declining usage suggests a weak ecosystem compared to Bitcoin. The decline in Ethereum's popularity among investors is reflected in its falling ETH/BTC ratio. Additionally, the low burn rate and supply growth of Ethereum are raising concerns. The lack of significant updates or developments in Ethereum, similar to the rise of NFTs and DeFi in 2021, may further affect its market position.
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