Ethereum Whale Sells $17M ETH, Bitcoin Holders Remain Profitable, Dogecoin Sees Surprise Rally

Catch up on the latest crypto news: A major Ethereum whale sells $17M in ETH, 85% of Bitcoin holders remain profitable despite price drops, and Dogecoin defies expectations with a 2.58% surge.

Published on 2025-04-11

Ethereum Whale Sells $17M in ETH Amid Market Downturn

A significant Ethereum whale, holding ETH since 2016, sold nearly $17 million worth of ETH at $1,600. This sale occurred after two years of dormancy, raising questions about the market sentiment. Ethereum's price has dropped to a multiyear low of 0.01855 BTC, with ETH/BTC down 45% this year. At press time, ETH trades at $1,555, reflecting a 1.38% drop over 24 hours.

85% of Bitcoin Holders Still in Profit Despite Price Plunge

Despite Bitcoin's recent dip to $74,700, on-chain data shows that 85% of BTC holders remain profitable. The price drop was triggered by U.S. trade tariffs but rebounded after a 90-day tariff pause. Bitcoin currently trades at $82,048, up less than 1% in the past 24 hours, indicating cautious optimism.

Dogecoin Defies Expectations with 2.58% Surge

Dogecoin surprised traders with a 2.58% price increase, reaching $0.1576, despite $11.26 million in liquidations. Short traders faced higher losses ($6.81 million) compared to long traders ($4.45 million). DOGE's market cap rose from $22.47 billion to $23.46 billion, signaling potential sustained recovery. Additionally, 21Shares plans to list a Dogecoin ETP on the SIX Swiss exchange, boosting adoption prospects.

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