Crypto Roundup by U.Today

Crypto Roundup by U.Today

u.today
April 11, 2025 by Jhon E. Bermúdez
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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
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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.

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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