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News  ›  The Motley Fool

2 Reasons Why Ethereum Slumped 6% Today

The Motley Fool Logo The Motley Fool By Chris Macdonald
2 Reasons Why Ethereum Slumped 6% Today

Ethereum experienced a 6% decline due to a $128 million crypto hack on Balancer and negative sentiment from crypto influencers, despite a recent large token purchase by BitMine.

Insights
VNOpN   neutral

Mentioned briefly in a conference call title with no substantive details provided


BMNR   neutral

Purchased 82,000 ETH tokens, which could be seen as a bullish signal despite the current market downturn