COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Ethereum whales have started selling their holdings, even at a loss, as the cryptocurrency’s value slips below the $3,000 mark.
- Network growth for Ethereum has also seen a decline, indicating a waning interest in the digital currency.
- Simultaneously, the Non-Fungible Token (NFT) sector, which heavily relies on the Ethereum network, is also experiencing a downturn.
Ethereum whales offload their holdings amidst market uncertainty, leading to a decline in network growth and a slump in the NFT sector. What does this mean for the future of Ethereum?
Ethereum Whales Begin to Sell
As per data from Lookonchain, a significant Ethereum whale recently sold 6,714 ETH, equivalent to $19.5 million, at a price of $2,903 per ETH, resulting in a loss of $6.45 million. This sell-off has created substantial selling pressure in the market, potentially driving down the price of Ethereum further as more sellers enter the market than buyers. The willingness of this whale to sell at a loss could trigger further market unrest. At the time of writing, Ethereum was trading at $2,918.79, with a 5.64% decline in the last seven days and a 48% drop in trading volume during the same period.
Declining Network Growth and Interest in Ethereum
Alongside the sell-off, Ethereum’s network growth has also seen a decline, indicating a loss of interest in the cryptocurrency among new addresses. Despite the lower prices, new addresses seem uninterested in Ethereum. However, the trading velocity of Ethereum has seen a surge, as indicated by its rising velocity. Despite the overall activity on the network remaining consistent, as suggested by the unchanged gas usage, the number of NFT trades on the network is decreasing, pointing to a potential downturn in the NFT sector.
Impact on the NFT Sector
Notably, popular NFT collections such as Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) are not attracting attention on marketplaces. Other networks like Bitcoin and Solana are performing relatively better than Ethereum and have captured a significant market share in recent days.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Conclusion
The sell-off by Ethereum whales, coupled with declining network growth and a slump in the NFT sector, paints a challenging picture for the future of Ethereum. However, the increased trading velocity and the consistent overall activity on the network provide some optimism. As the market continues to evolve, it remains to be seen how these developments will impact Ethereum’s long-term prospects.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |