Ethereum's Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork

Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork's implementation on August 5, 2023.

Timeline of Ethereum

Recent data reveals that Ethereum (ETH) whales are significantly selling off their holdings. One such instance involved a transaction where a whale sold 4,549 ETH for approximately $8.78 million, at a price of $1,930 around 14 hours ago.

Even though the past month was filled with fear, uncertainty, and doubt (commonly referred to as FUD) due to regulatory scrutiny from the United States SEC, it appears that the sentiment around the cryptocurrency market is becoming more positive.

Over the course of the previous 63 days, there's been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms.

After Ripple's (XRP) victory against SEC on Thursday, Ethereum's (ETH) price broke above $2,000 for the first time since April 2023. With Ethereum now gradually approaching the ETH 2.0 Stakers' average purchase price, how will they react?

The top 100 DeFi tokens had a mixed week, with most of the tokens trading in a narrow range before surging on July 13 courtesy of Ripple's partial win in its court battle with the SEC.

Ethereum Price Analysis: The crypto market gets back on the recovery track as the 4th largest cryptocurrency- XRP witnessed massive growth after its partial win in its legal battle against U.S. SEC. As a result, the Ethereum price also received some info and registered 7% growth on July 13th.

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $31,000 level on Friday. Ethereum (CRYPTO: ETH) also moved higher, trading past the key $2,000 mark this morning.

Former President Donald Trump provided details about CIC Digital LLC, a company that receives licensing fees for utilizing his likeness on non-fungible tokens (NFTs). What Happened: The disclosure revealed that CIC Digital LLC possesses a US bank account with a balance of less than $1,000.

A widely followed crypto trader is expressing bullish sentiment on one top-100 altcoin while updating his outlook on Ethereum (ETH) and Litecoin (LTC). Pseudonymous analyst Bluntz tells his 223,600 Twitter followers that Fantom (FTM), which is currently ranked 53rd-largest by market cap, is on the cusp of a rally.

In a significant move, a large Ethereum ($ETH) whale has funneled over $1 million into the meme-inspired cryptocurrency $PEPE, a rival to other meme tokens including $SHIB, in the span of a month as it keeps accumulating.