Understanding Ethereum's Recent Price Decline
Ethereum (ETH), a leading player in the cryptocurrency markets, has recently faced significant losses. Ethereum price fell dramatically by 60.58% from late July to early August, a contrast to Bitcoin's 30% and XRP's 26% declines. Several transactions, such as the redemption of 83,091 wstETH worth $341 million and the unstaking of 86,059 stETH valued at $274 million from Lido Finance, have influenced this downturn.
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