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International Business Times
International Business Times
Business
Marvie Basilan

'Death Of Ethereum?': Ether Leads Staggering 1-Hour Crypto Liquidations Of $390 Million

Crypto Ethereum Jump Crypto Bitcoin CoinGlass Cointelegraph
Is it the beginning of the end of Ethereum? (Credit: Ethereum Foundation Twitter)

KEY POINTS

  • Of $390 million liquidated within one hour, Ether accounted for $160 million
  • Pessimism is rising within the crypto community, with some saying it could be $ETH's end
  • Jump Crypto's unstaking activity has led some to believe it triggered the dump

Ether, the native cryptocurrency of the Ethereum blockchain, saw the largest one-hour liquidations in the crypto market Sunday night as the world's second largest digital asset by market value suffered a pricing free-fall.

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