Ethereum has had a pretty miserable 2019. Things could get worse before the year is out though as the asset gets dumped on exchanges and community angst grows.
Ethereum Has Had a Rough Year
The world’s second largest crypto asset by market cap is currently trading lower than it was this time last year. According to Tradingview.com, another slide today has dropped prices below $125, leaving ETH is in danger of falling back to $100.
Over the past week, the digital asset has dumped almost 20% and those losses appear to be extending. According to ViewBase, which measures mass token dumps, large amounts of Ethereum are being sent to exchanges.
— ViewBase (@viewbasecom) December 25, 2019
There is further speculation that a single whale or even Vitalik Buterin himself could be off loading his stash.
The PlusToken scam ETH dumps have already flooded markets and caused…