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Ethereum sees a jump — What is fueling the token rise
Ethereum faced intense selling pressure, with realized losses surpassing $1.2 billion in 24 hours and long-term holders moving significant amounts of ETH out of their wallets. Co-founder Vitalik Buterin contributed to the selloff by selling about $6.6–7 million worth of ETH to support privacy initiatives, though his holdings remain substantial. Transaction activity on the blockchain reached an all-time high, while discussions about scaling and native rollup integration continue at the protocol level. Deleveraging from large on-chain positions, such as those by Trend Research, also impacted ecosystem stability. ... (full story)
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