Altcoins News

An Ethereum whale recently experienced a significant loss of nearly $4 million after purchasing 8,825 ETH shortly before the market took a downturn, according to data from the crypto tracking platform Lookonchain.

Toncoin’s price saw a slight recovery today, gaining nearly 3% after the TON network returned to normal operations following a significant disruption.

Real Vision’s Raoul Pal, who is also a former Goldman Sachs exec, has expressed optimism about Solana (SOL), predicting that the cryptocurrency could experience a significant price surge in the coming months.

Ethereum co-founder Vitalik Buterin recently addressed concerns about Ethereum’s role as a store of value, especially after scrutiny surrounding the Ethereum Foundation’s (EF) recent financial activities.

MakerDAO has rebranded to Sky and announced the introduction of its updated tokens – USDS and SKY, which will be launched on September 18.

Vitalik Buterin has addressed criticisms from Kyle Samani of Multicoin and other commentators about Ethereum’s efficiency and decentralization.

Large crypto holders, commonly known as whales, are pulling out significant amounts of Ethereum (ETH), which has led to a spike in selling preassure.