Ethereum Veteran Holders Trigger Market Turbulence Amid Accelerated Sell-Off
In recent weeks, Ethereum's oldest wallets have initiated a significant sell-off, liquidating holdings at the fastest pace since 2021. According to Glassnode data, these long-term holders—many holding ETH for 3-10 years—are dumping approximately 45,000 ETH daily into the market, driving prices down to $3,152.17. This wave of selling has exacerbated market sentiment, triggering a cascade of long liquidations and raising concerns about a potential bear market. While some veterans appear to be locking in profits, the accelerated exodus highlights growing uncertainty among Ethereum's earliest adopters. Despite the sell-off, accumulation continues among newer investors, suggesting a divergence in market outlooks. As of November 2025, Ethereum's price action remains under pressure, with traders closely monitoring whether this trend signals a broader market downturn or a temporary correction.
Ethereum Whales Accelerate Sell-Off as Market Sentiment Worsens
Ethereum's oldest wallets are liquidating holdings at the fastest pace since 2021, dumping approximately 45,000 ETH daily into the market. The sell-off pushed ETH prices down to $3,152.17 amid a wave of long liquidations and deteriorating sentiment.
Glassnode data reveals the exodus stems primarily from 3-10 year old wallets, with veterans locking in profits before potential bear market conditions. While accumulation continues in staking contracts and vaults, whale distribution has accelerated sharply since August - particularly after October 11's record liquidation event.
The market value to realized value (MVRV) ratio suggests ETH still carries significant unrealized gains, indicating more sell-side pressure could emerge. Veteran holders appear unwilling to weather another prolonged downturn, despite Ethereum's long-term proponents maintaining their bullish outlook.
How Ethereum is Paving the Way for DeFi’s Future
Ethereum remains the backbone of decentralized finance (DeFi), defying the rapid obsolescence typical of blockchain innovations. Its blockchain serves as the primary infrastructure for decentralized applications (dApps), ensuring its relevance amid relentless technological evolution. The price of Ether (ETH) often mirrors the vibrancy of its ecosystem—rising with developer activity and demand for novel solutions.
Unlike Bitcoin, which thrives as a digital gold narrative, Ethereum dualizes as both a cryptocurrency and a development platform. Smart contracts and dApps powered by its network continue to push boundaries, attracting tech-centric adopters. The network’s resilience underscores its pivotal role in shaping the future of blockchain-based finance.
Ethereum's Tentative Recovery Shifts Investor Focus to High-Potential Altcoins
Ethereum's price action shows fragile signs of recovery, testing resistance at $3,650 after an 8% bounce from $3,520 lows. While trading above the 100-hour SMA suggests bullish momentum, failure to breach this key level risks prolonging consolidation—prompting capital rotation into more volatile altcoin markets.
On-chain data reveals steady whale accumulation at current levels, with trendline support forming NEAR $3,520. Yet the technical setup remains binary: either a decisive breakout toward $3,900 or another retest of support. This uncertainty accelerates diversification into high-growth DeFi presales and emerging protocols.
Uniswap Launches CCA Protocol to Streamline Token Offerings
Decentralized exchange Uniswap has introduced Continuous Clearing Auctions (CCA), a new protocol designed to simplify token launches and liquidity bootstrapping on its platform. The solution targets inefficiencies in traditional liquidity methods while enhancing transparency for new projects.
The protocol will enable developers to determine fair market prices for low-liquidity tokens and deploy capital efficiently on Uniswap v4. This marks another step in Uniswap's broader initiative to deepen liquidity infrastructure for emerging crypto projects.
Privacy-focused LAYER 2 solution Aztec became the first project to utilize CCA during its November 13 launch. The collaboration saw over 300,000 whitelisted addresses participate in initial bidding, including U.S. citizens—a notable expansion of access in the regulatory-complex American market.
