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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Essay Content Directio
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Start selling as soon as work starts! BTC fell, ETH collapsed 20%, is Ethereum still okay?
On Saturday, Trump officially signed an executive order to impose a 25% tariff on goods imported from Mexico and Canada, a 10% tariff on goods from mainland China, and a 10% tariff on energy resources from Canada. This lagging issue brought a significant market downturn on the first working day after the Chinese market's New Year holiday (.
Bitcoin led the decline by more than 6%, dropping to as low as 91K. The drop in Ethereum, )ETH(, exceeded expectations, dropping to as low as 2100. SOL, which has been frequently compared recently, has dropped by 10% since the 30th, while ETH has dropped by over 30%.
In the top ten cryptocurrencies of unstable coins, ETH, XRP, DOGE, ADA, LINK, and AVAX all have a drop of more than 20%. Especially AVAX, DOGE, ADA, have nearly 40% drop in the past 30 days.
Despite constant criticism from the community that Ethereum co-founder Vitalik Buterin is not "money-focused," which has led to a halt in ecosystem development and an inability to effectively drive ETH price growth, Tron founder Justin Sun has even expressed his willingness to take on a leadership role in the Ethereum Foundation to assist in the development of the ecosystem and coin price.
)Justin Sun volunteered to lead Ethereum and its foundation: I will take the helm, and ETH surged to $10,000(
From the perspective of ecological lock-in value: Ethereum still accounts for more than 50% of the value, despite Solana's annual increase.