Crypto Roundup by U.Today

Crypto Roundup by U.Today

u.today
April 11, 2025 by Jhon E. Bermúdez
29
Want to stay in the loop? Here are U.Today’s three biggest news stories from the last 24 hours. Ethereum OG Makes Waves with Massive $17M Sell-Off Hot off the press! Crypto watcher Lookonchain on X (formerly Twitter) reported that an early Ethereum adopter, often called an “OG,” made a significant move yesterday, April 10. This
1744390536_Crypto-Roundup-by-UToday.jpg


Want to stay in the loop? Here are U.Today’s three biggest news stories from the last 24 hours.

Ethereum OG Makes Waves with Massive $17M Sell-Off

Hot off the press! Crypto watcher Lookonchain on X (formerly Twitter) reported that an early Ethereum adopter, often called an “OG,” made a significant move yesterday, April 10. This OG unloaded almost $17 million worth of ETH, selling at around $1,600 per coin after holding onto it, dormant, for two years. Interestingly, this same crypto whale received their ETH way back in 2016 when it was priced at just $8! It’s worth pointing out that they didn’t sell when Ethereum hit its peak of $4,000; instead, they seem to prefer selling during market downturns. The motivation behind this massive ETH dump is still a mystery, but it could be related to the overall negative sentiment currently surrounding Ethereum. As a reminder, on April 9, Ether hit a new multi-year low against Bitcoin, reaching 0.01855 BTC on Binance before a slight recovery. The ETH/BTC pair is still down a hefty 45% this year. Currently, as per CoinMarketCap, ETH is trading at $1,555, showing a decrease of 1.38% in the last 24 hours.

Related

Bitcoin Bulls Rejoice: 85% of Holders Still in Profit Despite Price Dip

Here’s a silver lining for Bitcoin enthusiasts! Data from IntoTheBlock, the on-chain analytics platform, via a recent post on X reveals some positive news for Bitcoin investors. They shared a chart showing that even after the recent price dips, over 85% of BTC holders are still sitting in profit. This week saw Bitcoin briefly touch $74,700, but it has since bounced back, climbing above $82,000. The dip on Monday was initially sparked by the U.S. president’s announcement of new trade tariffs affecting 180 countries, along with a threat to escalate tariffs against China if they retaliate. However, market sentiment shifted back to positive when the president announced a 90-day pause on these tariffs, reigniting investor confidence in riskier assets like Bitcoin. Currently, Bitcoin is trading at $82,048, showing a slight increase of less than 1% over the last day.

Dogecoin (DOGE) Sees Massive 71 Million Token Liquidation in 24 Hours – Here’s Why

The broader crypto market is showing signs of recovery after the pause on trade tariffs, which had previously triggered a wave of liquidations totaling $468.45 million across 131,342 traders within just 24 hours. Dogecoin was caught in this wave, accounting for $11.26 million of those total liquidations. CoinGlass data indicates that DOGE investors collectively lost a staggering 71,190,773 DOGE in liquidations. Interestingly, short traders experienced heavier losses, with $6.81 million liquidated in short positions compared to $4.45 million in long positions. Despite earlier bearish predictions, Dogecoin is currently trading up 2.58% at $0.1576, much to the surprise of many. Furthermore, Dogecoin’s market cap has seen a healthy jump from $22.47 billion to $23.46 billion, suggesting a potentially sustainable recovery, especially as ecosystem developments point towards increased DOGE adoption in Europe. U.Today previously reported that 21Shares is set to list a Dogecoin ETP on the SIX Swiss exchange in Zurich, further bolstering this positive outlook.

Source: u.today