• bitcoinBitcoin (BTC) $ 93,569.00
  • ethereumEthereum (ETH) $ 1,791.75
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.21
  • bnbBNB (BNB) $ 604.35
  • solanaSolana (SOL) $ 150.65
  • usd-coinUSDC (USDC) $ 0.999900
  • dogecoinDogecoin (DOGE) $ 0.177918
  • cardanoCardano (ADA) $ 0.695870
  • tronTRON (TRX) $ 0.245862
  • staked-etherLido Staked Ether (STETH) $ 1,791.37
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 93,431.00
  • chainlinkChainlink (LINK) $ 15.02
  • suiSui (SUI) $ 2.92
  • avalanche-2Avalanche (AVAX) $ 22.33
  • leo-tokenLEO Token (LEO) $ 9.12
  • stellarStellar (XLM) $ 0.266486
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.17
  • wrapped-stethWrapped stETH (WSTETH) $ 2,144.34
  • hedera-hashgraphHedera (HBAR) $ 0.179986
  • usdsUSDS (USDS) $ 1.00
  • bitcoin-cashBitcoin Cash (BCH) $ 360.10
  • litecoinLitecoin (LTC) $ 83.43
  • polkadotPolkadot (DOT) $ 4.09
  • hyperliquidHyperliquid (HYPE) $ 18.24
  • bitget-tokenBitget Token (BGB) $ 4.52
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999375
  • wethWETH (WETH) $ 1,788.52
  • ethena-usdeEthena USDe (USDE) $ 0.999396
  • pi-networkPi Network (PI) $ 0.665396
  • moneroMonero (XMR) $ 230.47
  • whitebitWhiteBIT Coin (WBT) $ 28.64
  • wrapped-eethWrapped eETH (WEETH) $ 1,906.55
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 93,665.00
  • pepePepe (PEPE) $ 0.000009
  • uniswapUniswap (UNI) $ 6.01
  • aptosAptos (APT) $ 5.42
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 51.88
  • nearNEAR Protocol (NEAR) $ 2.46
  • bittensorBittensor (TAO) $ 340.44
  • gatechain-tokenGate (GT) $ 23.44
  • ondo-financeOndo (ONDO) $ 0.913749
  • internet-computerInternet Computer (ICP) $ 5.17
  • official-trumpOfficial Trump (TRUMP) $ 13.02
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.24
  • aaveAave (AAVE) $ 168.75
  • ethereum-classicEthereum Classic (ETC) $ 16.75
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • susdssUSDS (SUSDS) $ 1.05
  • crypto-com-chainCronos (CRO) $ 0.091063
  • kaspaKaspa (KAS) $ 0.095943
  • mantleMantle (MNT) $ 0.702270
  • render-tokenRender (RENDER) $ 4.49
  • vechainVeChain (VET) $ 0.026030
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • cosmosCosmos Hub (ATOM) $ 4.40
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 93,351.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.219245
  • ethenaEthena (ENA) $ 0.339509
  • filecoinFilecoin (FIL) $ 2.78
  • algorandAlgorand (ALGO) $ 0.213423
  • fasttokenFasttoken (FTN) $ 4.23
  • celestiaCelestia (TIA) $ 2.79
  • sonic-3Sonic (prev. FTM) (S) $ 0.512032
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.625630
  • arbitrumArbitrum (ARB) $ 0.339446
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997928
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.12
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 92,971.00
  • kucoin-sharesKuCoin (KCS) $ 10.41
  • jupiter-exchange-solanaJupiter (JUP) $ 0.450822
  • optimismOptimism (OP) $ 0.771929
  • binance-staked-solBinance Staked SOL (BNSOL) $ 157.42
  • makerMaker (MKR) $ 1,487.35
  • xdce-crowd-saleXDC Network (XDC) $ 0.075327
  • blockstackStacks (STX) $ 0.769151
  • bonkBonk (BONK) $ 0.000015
  • worldcoin-wldWorldcoin (WLD) $ 0.866320
  • immutable-xImmutable (IMX) $ 0.612971
  • nexoNEXO (NEXO) $ 1.10
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,789.40
  • fartcoinFartcoin (FARTCOIN) $ 1.08
  • flare-networksFlare (FLR) $ 0.016613
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,862.48
  • eosEOS (EOS) $ 0.671582
  • story-2Story (IP) $ 3.77
  • sei-networkSei (SEI) $ 0.193620
  • usdt0USDT0 (USDT0) $ 1.00
  • injective-protocolInjective (INJ) $ 9.54
  • curve-dao-tokenCurve DAO (CRV) $ 0.659738
  • paypal-usdPayPal USD (PYUSD) $ 0.999827
  • the-graphThe Graph (GRT) $ 0.090492
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,016.35
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999132
  • wbnbWrapped BNB (WBNB) $ 603.71
  • tether-goldTether Gold (XAUT) $ 3,346.72
  • jasmycoinJasmyCoin (JASMY) $ 0.016816
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • dexeDeXe (DEXE) $ 14.10
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 91,616.00
  • pax-goldPAX Gold (PAXG) $ 3,350.18
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 165.59
  • msolMarinade Staked SOL (MSOL) $ 193.72
  • galaGALA (GALA) $ 0.017026
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 93,455.00
  • raydiumRaydium (RAY) $ 2.55
  • lido-daoLido DAO (LDO) $ 0.816958
  • iotaIOTA (IOTA) $ 0.195202
  • the-sandboxThe Sandbox (SAND) $ 0.296439
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,905.35
  • chain-2Onyxcoin (XCN) $ 0.021030
  • kaiaKaia (KAIA) $ 0.117255
  • theta-tokenTheta Network (THETA) $ 0.686350
  • usual-usdUsual USD (USD0) $ 0.997878
  • flokiFLOKI (FLOKI) $ 0.000070
  • coredaoorgCore (CORE) $ 0.660845
  • heliumHelium (HNT) $ 3.65
  • bittorrentBitTorrent (BTT) $ 0.00000064
  • clbtcclBTC (CLBTC) $ 93,883.00
  • walrus-2Walrus (WAL) $ 0.501807
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999535
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.99
  • flowFlow (FLOW) $ 0.393984
  • bitcoin-svBitcoin SV (BSV) $ 30.69
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • movementMovement (MOVE) $ 0.240517
  • decentralandDecentraland (MANA) $ 0.314664
  • jito-governance-tokenJito (JTO) $ 1.79
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,870.72
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.03
  • tezosTezos (XTZ) $ 0.540848
  • pyth-networkPyth Network (PYTH) $ 0.152762
  • zcashZcash (ZEC) $ 34.11
  • based-brettBrett (BRETT) $ 0.054680
  • telcoinTelcoin (TEL) $ 0.005842
  • dogwifcoindogwifhat (WIF) $ 0.532421
  • pendlePendle (PENDLE) $ 3.27
  • mantra-daoMANTRA (OM) $ 0.529309
  • true-usdTrueUSD (TUSD) $ 0.999207
  • dydx-chaindYdX (DYDX) $ 0.645135
  • pumpbtcpumpBTC (PUMPBTC) $ 90,617.00
  • ubtcuBTC (UBTC) $ 94,807.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008506
  • beldexBeldex (BDX) $ 0.067157
  • kavaKava (KAVA) $ 0.443394
  • spx6900SPX6900 (SPX) $ 0.512586
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 93,513.00
  • grassGrass (GRASS) $ 1.71
  • solayerSolayer (LAYER) $ 2.23
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999900
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.711559
  • thorchainTHORChain (RUNE) $ 1.30
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.177409
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,851.55
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999901
  • starknetStarknet (STRK) $ 0.152375
  • elrond-erd-2MultiversX (EGLD) $ 15.52
  • ecasheCash (XEC) $ 0.000022
  • deepDeepBook (DEEP) $ 0.172266
  • neoNEO (NEO) $ 6.08
  • tbtctBTC (TBTC) $ 93,358.00
  • ousgOUSG (OUSG) $ 110.80
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,792.73
  • aerodrome-financeAerodrome Finance (AERO) $ 0.524840
  • arweaveArweave (AR) $ 6.44
  • apenftAPENFT (NFT) $ 0.00000042
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006593
  • apecoinApeCoin (APE) $ 0.513483
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.999941
  • axie-infinityAxie Infinity (AXS) $ 2.52
  • conflux-tokenConflux (CFX) $ 0.078475
  • chilizChiliz (CHZ) $ 0.041194
  • berachain-beraBerachain (BERA) $ 3.60
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,794.19
  • super-oethSuper OETH (SUPEROETHB) $ 1,791.34
  • compound-governance-tokenCompound (COMP) $ 43.23
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,907.24
  • matic-networkPolygon (MATIC) $ 0.219439
  • aioz-networkAIOZ Network (AIOZ) $ 0.322568
  • usddUSDD (USDD) $ 1.00
  • wormholeWormhole (W) $ 0.081317
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,791.46
  • beam-2Beam (BEAM) $ 0.006908
  • resolv-usrResolv USR (USR) $ 1.00
  • plumePlume (PLUME) $ 0.180114
  • olympusOlympus (OHM) $ 21.73
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000064
  • roninRonin (RON) $ 0.559796
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.827168
  • amp-tokenAmp (AMP) $ 0.004083
  • sun-tokenSun Token (SUN) $ 0.017312
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,833.81
  • popcatPopcat (POPCAT) $ 0.332332
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.998755
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • fraxFrax (FRAX) $ 0.999743

Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects

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Chinese Analyst Assesses Ethereum’s Status, Says “Whales Have Run Out of Purchasing Power” – Here’s What He Expects

Ethereum (ETH) investors who opened positions at high price levels have largely run out of purchasing power, according to Chinese on-chain data analyst Murphy, raising concerns about ETH’s ability to stage a strong recovery.

Murphy posted statistical data on social media, revealing that the average cost basis for ETH positions created between January and February 2025 ranged from $3,200 to $3,500. A significant cluster of addresses significantly increased their holdings to $3,475 by accumulating approximately 1.66 million ETH. This group did not buy the dip when ETH dropped to $1,900 and currently hold 1.94 million ETH, reducing their average cost to $3,150.

Meanwhile, addresses that opened positions in mid-February 2025 had entry costs ranging from $2,600 to $2,800. As the price of ETH fell below $2,300, this group began to offload their holdings. Currently, only positions at $2,800 (1 million ETH) and $2,630 (850,000 ETH) remain unchanged.

As ETH continues its downward trend, new demand has weakened significantly, especially as the price has dropped below $2,000. Data suggests that buying interest has almost disappeared at these levels.

Murphy explained that investors who accumulated ETH at higher price points have now exhausted their purchasing power after a series of attempts to reduce their costs on average. The $1,850 price level represents the cost basis for a large group of investors who established positions two years ago. When ETH approaches this level, they tend to buy back previously sold portions to reduce their overall costs, potentially creating a support zone. However, if $1,850 cannot hold, ETH could slide toward $1,600 or even $1,250, where the accumulation from three years ago could provide the last major support, according to the analyst.

According to Murphy, the market recovery depends on rebuilding investor confidence in the long-term value of ETH. Without a renewed consensus, large accumulations at $2,630, $2,800, and $3,150 could act as significant resistance and limit any potential recovery.

*This is not investment advice.

Source

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