Ethereum just took a nasty dive, slipping below $1,900, and all signs point to hackers dumping stolen token as the trigger.
Over the past 12 hours, two fresh wallets moved 14,064 ETH through THORChain and Chainflip, later flipping it for $27.5 million in DAI at an average price of $1,956 per 1 token.
According to Lookonchain, these wallets racked up it in multiple transactions before swapping it—one using CoW Swap, the other using Uniswap. Looks like they’re shuffling funds across chains to dodge tracking while securing their bag in stablecoins.
Bybit Hacking Consequences
Traders are freaking out, and analysts believe low liquidity is making things worse. With all this selling pressure, the token couldn’t hold key support levels and plunged another 6.36% today.
As of now, its sitting at $1,890, down over 6% in the last 24 hours. It was already struggling at $1,900, but instead of bouncing back, it cracked further under the pressure.
🤔 Why’s ETH actually dropping?
There’s still no clear reason, but this hacker sell-off is definitely a major factor. With such huge volumes being dumped, it’s no surprise it completely is taking a hit.
Ethereum is experiencing some tough times. After reaching highs of $3,432 in January, the price of Ether has dropped nearly 50%, touching a low of $1,750 in March 2025. Although there’s been a small rebound, the token’s price has failed to break above the $2,000 mark and is showing signs of weakness.
Ethereum’s recent performance is being mirrored in its network activity. Onchain data shows that the daily transaction count has fallen to levels not seen since October 2024, before Donald Trump’s presidency. Low transaction fees are also raising alarms, hitting an all-time low of just 0.00025 ($0.46) in late March.
So, what’s going on with it? Low transaction fees and activity generally indicate that interest in the platform is slowing down. Think of it like a crowded concert with less hype – people just aren’t as interested anymore, and fewer transactions are happening on the network.
Live graph from coingecko
Why Transaction Fees Matter
In the past, their fees spiked, especially during the 2021 DeFi boom. High demand for block space made gas fees surge, driving up the price of ETH. But now, with the decrease in fees, there’s less demand for their services – and less demand means a drop in price.
Historically, lower fees signal lower market confidence, which puts pressure on the token’s value. The price of Ether is highly correlated with network activity, and since things are quiet, its price is feeling the pinch.
Rising Inflation and Decreasing Burn Rate
Another major issue for it is its increasing inflation. The ETH burn rate, which was once a deflationary force, has plummeted. With the transition to proof-of-stake (PoS) and the implementation of the London hard fork in 2021, it used to burn a portion of transaction fees, but now that burn rate is almost non-existent. This means more ETH is being issued than is being burned, leading to an inflationary supply. As a result, their supply is rising again, which also weighs down its price.
Bear Flag Pattern Signals $1,230 Target
Ethereum’s price chart shows a bearish pattern known as a “bear flag.” This formation suggests that the token could be in for a major drop if it breaks below the $2,000 level. The target for this potential drop? Around $1,230 – a 40% drop from the current price.
Even though some traders are optimistic about a potential bounce back, their current outlook looks grim. Some analysts believe ETH is “undervalued” and could be bottoming out, but there’s still a lot of uncertainty in the market.
What’s Next for ETH?
If the token does drop to $1,200, it’ll be a big blow to the crypto market. But if it can break through resistance levels, it might surprise us and recover. Either way, the coming weeks are crucial for Ether, and only time will tell if the $1,200 price target will come true.
A whale lost $306M after making a big bet on ETH with 50x leverage. Moral of the story: crypto’s a gamble.
💥 A crypto whale just lost $308M on a 50x leveraged Ether trade during extreme market volatility! This highlights the massive risks of high-leverage trading. 📉 Play smart, or the market will play you! 💡 #Ethereum#Crypto#Trading#RiskManagement
A crypto whale just took a massive L, losing a whopping $306.85 million after his all-in ETH bet was liquidated. Here’s the twist: he was on 50x leverage, meaning his bets were super high-risk.
Starting on March 10, this year, the whale sold 947 ETH for $1.95M in USDC and used it to long ETH on Hyperliquid. As the days went on, he stacked up more and more ETH, pushing his position to 140,458 ETH (worth $269.8M). His entry price was $1,900.28, with a liquidation level of $1,805.
Things went downhill fast. ETH’s price dropped, and the whale’s position got wiped out when the price fell below the liquidation level. In minutes, 160,234 ETH worth $306.85 million was gone.
This huge liquidation is one of the biggest in crypto history. Trading with high leverage is like gambling – even small price changes can lead to massive losses. Many traders on X are using this as a lesson in risk management. Crypto can make you or break you in an instant.
ETH’s down bad—53% crash from $4,100. ETF outflows, tariffs, and high fees hurt. Will bulls fight back or fold?
Ethereum is still in freefall, dropping 53% from its $4,100 peak in December 2024. Now struggling at $1,878, ETH is trapped under intense selling pressure, according to CoinMarketCap.
Analysts say two big problems are dragging ETH down: U.S. import tariff fears and a slowdown in new projects due to high fees. “ETH’s lack of builders is a major red flag,” a Bitfinex analyst warned, adding that $1,800 is a key level to watch.
It’s not just ETH—Bitcoin also slipped to $80K, and some fear a drop to $70K. According to Nansen analyst Aurelie Barthere, this is a macro correction, meaning the whole market’s cooling off—but we’re still in a bull cycle.
Another ETH killer? ETF outflows. Investors yanked $119M from U.S. spot Ether ETFs last week alone, per Sosovalue data. Stella Zlatareva (Nexo) noted that ETH’s 20% drop broke its key $2,200 support, making recovery even harder.
But don’t lose all hope. VanEck still sees ETH hitting $6K in 2025—but for now, it’s survival mode.
Whale trader flips ETH for $2.15M profit, sparking insider suspicions. Crypto community feels rigged as retail traders get left behind.
Crypto Twitter is on fire after an insider whale bagged another massive win, raking in $2.15 million off an ETH pump. This trader, who previously made $7 million on BTC and ETH before Trump’s crypto reserve reveal, just did it again—perfectly timing a 50x ETH long on Hyperliquid.
According to Lookonchain, the whale sold 947 ETH for $1.95M USDC, then went all-in on leveraged ETH longs. Minutes later, ETH skyrocketed from $2,062 to $2,145, netting them another insane profit. Retail traders? Not so lucky.
Crypto sleuths now believe this trader is deeply connected to Trump’s administration, getting a front-row seat to major policy moves before the public. “How is this fair?” one user raged. “Retail is getting wrecked while insiders print money.”
And it’s not over. HypurrScan data shows the whale just cashed out of Hyperliquid, and rumors are swirling that the same trader is now shorting BTC with a target between $70K-$75.5K.
Whether it’s genius trading or straight-up insider moves, this whale is making waves—and everyone else is struggling to keep up.
Bybit hacker launders $605M ETH via THORChain. FBI confirms Lazarus Group’s role. Devs quit, crackdown incoming, crypto world on edge.
A Bybit hacker laundered $605M in ETH, over 50% of the stolen funds, through a suspected North Korean operation. The situation adds to the controversy surrounding THORChain.
The Bybit hacker is moving fast, already laundering $605M ETH (54% of stolen funds) through THORChain, a decentralized swap protocol now facing major heat. The $1.5B Bybit hack on Feb. 21 is officially the biggest crypto heist ever, with blockchain sleuths confirming North Korea’s Lazarus Group is behind it.
THORChain’s swap volume soared past $1B after the hack, but backlash came fast. A vote to block Lazarus-linked transactions got overturned, leading to core dev “Pluto” quitting and validator TCB threatening to leave if nothing changes.
Meanwhile, the FBI is stepping in, urging exchanges and validators to cut off Lazarus-linked wallets. But THORChain’s founder John-Paul Thorbjornsen says the protocol isn’t at fault, claiming no sanctioned wallets have interacted with it and blocking funds isn’t realistic.
The hacker remains with $514M ETH, and unless a change of circumstances occurs, they can continue sending money anonymously. This hack also points to an underlying issue—bad actors have the ability to take advantage of decentralized platforms since regulators are playing catch-up. Some fear that this will cause governments to squeeze the crypto tighter, especially privacy-focused platforms.
Crypto’s paying attention. Whatever happens next may reshape the landscape.
Geth released an emergency update—validators running v1.15.1 need to upgrade as soon as possible to v1.15.2 or lose block rewards and fee!
Ethereum attesters (vast majority of validators) blind sign whatever is sent to them by the relay anyways. I don't think simply framing a formal hardware spec is enough. Ethereum needs to re- architect it's L1 design from ground up and push it to the limits.
Ethereum validators, pay attention—Geth recently released an emergency update! If you’re currently on v1.15.1, you must upgrade to v1.15.2 as soon as possible, or you’ll be missing out on block rewards and transaction fees!.
Why? Turns out v1.15.1 had a critical bug messing with block creation on the Ethereum mainnet. This means validators miss slots, lose rewards, and basically get rugged by their own setup. Not ideal.
The fix? Geth pushed v1.15.2 on February 17, this year, patching the issue and bringing back Discv5 and DNS peer discovery protocols, which help nodes stay connected and functional. These were accidentally disabled in v1.14.9, making this update even more crucial.
Geth devs are not kidding at all. They are seriously saying this update is required if you need to keep your validator running and you’re sure about securing your bag. Delaying can lead to lost ETH, so do not be slow—update as soon as possible.
The whole experience is a reminder that staying updated in crypto is not all hype, it is a survival. Validators, keep your software updated, or lose out in a big way!
Ethereum gained $1.1B in stablecoins as gas fees dropped, while Solana lost $772M. Ethereum leads with $122.9B (54.63%) dominance.
#Ethereum's recent price movement is showing strong signs of a breakout, with analysts eyeing the $3,000 mark as a key level. With its #marketcap now over $450 billion, ETH is firmly in the spotlight, and its Relative Strength Index (RSI) indicates it still has room for growth.
Ethereum just made a big flex in the stablecoin world, adding a massive $1.1B in USDT and USDC in just a week, while Solana took a hit, losing $772M. On-chain analytics firm Lookonchain spotted the shift, showing Ethereum gaining traction again.
For a while, Solana had been snatching some of Ethereum’s thunder, thanks to ETH’s high gas fees and congestion. But things are changing. Ethereum’s gas fees have dropped, and major upgrades are making it more efficient, bringing users and liquidity back. That’s why stablecoin supply on Ethereum is pumping again—it’s reclaiming its OG status as the top smart contract blockchain. At the same time, Solana experienced a stablecoin supply decline of approximately $780M. The cause isn’t 100% certain, but it may be attributed to performance issues and changing user tastes. Funds may be transferring elsewhere as crypto investors seek more favorable opportunities.
According to DefiLlama, Ethereum dominates the stablecoin market with $122.9B in supply (54.63% market share), and Solana comes in second with a mere $11.58B (5.15%). These market fluctuations demonstrate yet again how quickly the crypto universe is evolving. One day a chain is on fire, the next it’s drying up. The only thing that doesn’t change? Change.
In a surprising twist, USDT transfers are now cheaper on Ethereum than on Tron. Ethereum’s gas fees have dropped to their lowest level in five years, making it a more affordable option than Tron, which was once known for having the lowest transaction fees in the blockchain world.
For example, transferring USDT from Trust Wallet costs just $0.40 on Ethereum, in comparison to $3.72 on Tron. This is a huge shift, considering it was once one of the most expensive blockchains to use due. At one point, users were paying as much as $198 per transaction on Ethereum! But now, the average gas price on Ethereum has dropped to a super-low $0.05 per transaction.
While Tron has been dominant in fee generation recently, Ethereum’s price drop could signal a shift in the DeFi ecosystem. Solana is currently leading the pack in 24-hour fee generation, with Tron and Ethereum following behind.
With gas fees now much cheaper, experts believe that Ethereum’s DeFi ecosystem could see a major recovery in the coming months, gaining back the traction it lost due to high transaction costs.
ETH supply just bounced back to pre-Merge levels, thanks to blob transactions from the Dencun upgrade, reducing ETH burns and increasing inflation.
ETH’s circulating supply has once again surged to its all-time high prior to the merge upgrade. The surge in ETH supply comes after a sharp increase in Ethereum blob transactions over the past few months. pic.twitter.com/0lCXzHJILl
Ethereum’s supply just shot back up to where it was before the Merge, all thanks to a surge in blob transactions. According to UltraSound.Money, ETH’s circulating supply now sits at 120,521,600, wiping out the deflationary impact the Merge once had.
Before the Dencun upgrade, Ethereum’s fee-burning system kept supply in check—users paid gas fees, and a chunk of that ETH was burned, reducing overall supply. But now, blob transactions, designed to handle massive data loads for layer 2 networks, don’t burn fees, meaning less ETH is removed from circulation. With blob transactions booming, ETH inflation is creeping up again.
Things could get even crazier with the upcoming Pectra upgrade, which plans to increase both the blob target and max limit. This would mean even more ETH flooding the market.
From supply to large-scale structural changes, Ethereum is changing big time. Just very recently, the gas limit jumped to 36 million, accommodating more transactions in each block. Furthermore, even Vitalik Buterin himself has gotten directly involved in restructuring the team at the Ethereum Foundation.
As these steps keep jolting the network, predictions regarding the future dynamics of ETH’s supply become increasingly difficult.
