Ethereum OG Capitulates With Massive Sale, 85% of Bitcoin Holders in Profit Despite Recent Price Plunge, 71,190,773 Million Dogecoin in 24 H...

Cover image via U.Today

Here are U.Today's top three news stories from the past day:

Ethereum OG Capitulates with Massive Sale

An Ethereum OG reportedly sold nearly $17 million worth of ETH at approximately $1,600 on April 10th, according to Lookonchain. This address, dormant for two years, first acquired its ETH in 2016 when the price was just $8. Interestingly, this whale did not sell during Ethereum's price surge to $4,000, instead opting to sell during market corrections. While the reason for this sale remains unclear, the significant bearish sentiment surrounding Ethereum may be a contributing factor. On April 9th, Ether reached a multi-year low of 0.01855 BTC on Binance before a slight recovery; ETH/BTC is still down 45% this year. At the time of writing, ETH is trading at $1,555, down 1.38% in the last 24 hours (CoinMarketCap).

85% of Bitcoin Holders Remain Profitable Despite Recent Dip

Positive news for Bitcoin investors: IntoTheBlock reports that over 85% of BTC holders are still in profit despite recent price declines. Bitcoin briefly dipped to $74,700 this week but has since rebounded above $82,000. The Monday drop was attributed to the U.S. president's announcement of new trade tariffs and threats of escalation against China. However, a subsequent 90-day tariff pause boosted investor confidence, leading to a recovery. BTC is currently trading at $82,048, up less than 1% in the past 24 hours.

71,190,773 Million Dogecoin (DOGE) Liquidated in 24 Hours: What Happened?

The crypto market is recovering following a pause on trade tariffs. This pause followed massive liquidations totaling $468.45 million across 131,342 traders within 24 hours. Dogecoin accounted for $11.26 million of these liquidations, with CoinGlass data revealing a total loss of 71,190,773 million DOGE for DOGE investors. Short traders experienced heavier losses ($6.81 million) than long traders ($4.45 million). Surprisingly, DOGE is currently up 2.58%, trading at $0.1576, defying bearish predictions. Its market capitalization has risen from $22.47 billion to $23.46 billion, a recovery potentially sustained by ecosystem development and growing adoption in Europe. As reported by U.Today, 21Shares plans to list a Dogecoin ETP on the SIX Swiss Exchange.