Ethereums on-chain metrics are troubled but ETH can go up high only if... - BitcoinEthereumNews.com
Pinagmulan: Glassnode Buterin piles on more news While Ethereum has been dominating the social media talks because of the upcoming ‘Merge’, Vitalik Buterin has also taken the centre stage. Recently, in one of his Tweets, he commented, “I‘m not a billionaire anymore.” This comes as a shocking reality check for the Ethereum community because of Buterin’s digital wallet holdings. (btw btw hindi na ako bilyonaryo) - vitalik.eth (@VitalikButerin) Mayo 20, 2022 As recent as November 2021, his digital wallet contained holdings worth about $1.5 billion. Since then, the price of the Ether token thats associated with the blockchain has fallen by 55%, as Bloomberg iniulat. In November 2021, Ether was worth around $4800 which has since collapsed below $2000. The sell-off during this time frame can be blamed on the macro headwinds along with regulatory standoffs. Even so, in order to be victorious, the Ethereum community will need to HODL out through the current bearish period with recession warnings screening on all fronts.