Ethereum

Bitcoin

Mantle

Optimism

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-layer-2-tokens-dip-as-whales-move-holdings/" data-wpel-link="internal">Ethereum Layer-2 Tokens Dip as Whales Move Holdings</a><br></p>
<p style="text-align: justify">Before the upcoming Dencun Hard Fork, Ethereum Layer-2 tokens such as <a href="https://en.coin-turk.com/bitcoin-and-matic-coin-price-movements-and-predictions/" data-wpel-link="internal">MATIC</a>, IMX, OP, ARB, and MNT faced sharp corrections. Today, whales have been offloading their Ethereum Layer-2 token assets, driving prices down. However, Ethereum’s price is still hovering above $4,000. <a href="https://en.coin-turk.com/bitcoin-uncertainty-prevails-key-figures-and-expectations-ahead/" data-wpel-link="internal">Bitcoin</a>‘s price, on the other hand, set a new record today, reaching the $73,000 level just a while ago.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-326404 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-coin-turk-com-1-5.png" alt="" width="670" height="147"></p> 
<h2 style="text-align: justify" id="debate-arises-with-dencun-update">Debate Arises with Dencun Update</h2> 
<p style="text-align: justify">Tokens such as Polygon (MATIC), ImmutableX (IMX), Optimism (OP), Arbitrum (ARB), and Mantle (MNT) saw price drops between 3% to 5%. Ethereum’s focus on Layer-2 solutions to reduce transaction costs instead of scaling its main blockchain has met with criticism from crypto experts.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-326366 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ethereum-layer-2-coin-turk-com-.png" alt="" width="661" height="485"></p> 
<p style="text-align: justify">Justin Bons, Founder and CEO of CyberCapital, argues that Ethereum is now “entirely reliant on mediocrity.” In a recent tweet, Bons claimed that the layer-1 chain has zero plans to scale the main blockchain and is pushing users towards layer-2 chains instead.</p> 
<h2 style="text-align: justify" id="price-drops-in-l2-tokens">Price Drops in L2 Tokens</h2> 
<p style="text-align: justify">One day before the Dencun update, L2 tokens experienced a sharp decline in prices. In the last 24 hours, altcoins such as MATIC, OP, and ARB saw a 4% drop in prices. Additionally, the cryptocurrency IMX showed a 5% decrease on <a href="https://en.coin-turk.com/binance-labs-invests-15-million-in-blockchain-game-developer-xterio/" data-wpel-link="internal">Binance</a>, while MNT caused approximately a 3% loss to its holders in the last day.</p> 
<p style="text-align: justify">According to on-chain data, some large wallet investors known as whales in the crypto community are swapping their L2 tokens for stablecoins or other cryptocurrencies.</p> 
<p style="text-align: justify">Spotonchain recently identified two large wallet investors who have been offloading their L2 token assets. Firstly, a wallet named DForcenet deposited 2.45 million ARB worth $5.05 million to the crypto exchange Binance. In a second transaction, a whale swapped 1.03 million ARB valued at $2.13 million for USDC. Both transactions took place on Tuesday. These developments likely contributed to the overall decline in L2 token prices.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-326367 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/arb-coin-turk-com-.jpg" alt="" width="1436" height="1500"></p> 
<p style="text-align: justify">The cryptocurrency Ethereum’s price reached its highest level of 2024 at $4,093 on Binance earlier today. However, since then, there has been a pullback, and it is currently trading at $4,028. While Bitcoin breaks records, it’s worth noting that Ethereum’s price has yet to surpass its own record of $4,868. Let’s see what direction the ETH price will take after the update.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-layer-2-tokens-dip-as-whales-move-holdings/" data-wpel-link="internal">Ethereum Layer-2 Tokens Dip as Whales Move Holdings</a></h5>

Ethereum Layer-2 Tokens Dip as Whales Move Holdings

목차

COINTURK NEWS

2024년 3월 12일에 게재된 다른 기사

Bitcoin Fog Mastermind Eyes 20-Year Jail Term Amid Criminal Conviction

Bitcoin Price Prediction: As The London Stock Exchange Permits BTC And ETH ETN Applications, Trad...

Alitas (ALT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Coinbase Hits Back at SEC, Files Opening Brief in Appeal Process

Darkweb drugs site Incognito Market threatens to out users who paid in crypto

Bitcoin Miners Enjoy Record Profits as Crypto Surges to $72K

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!