Ethereum News: Price Drops Amid Binance Delisting Rumors, CZ Denies Claims

Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant price drop recently amidst rumors of a potential delisting from the popular cryptocurrency exchange Binance. Here’s what happened and what it means for the future of ETH.

Binance CZ Shuts Down Delisting Rumors – Is ETH Crashing?

Ethereum, the second-biggest cryptocurrency, has seen its price fall nearly 13% after briefly touching $2,100. The drop comes as panic spreads over rumors that Binance might remove Ethereum from its platform. However, Binance’s former CEO, Changpeng Zhao (CZ), has refuted these claims, calling them completely false. The controversy started when Binance introduced two new community-driven features: ‘Vote to List’ and ‘Vote to Delist,’ which allow users to vote on which tokens should be added or removed from the platform. False news spread that Binance was planning to remove Ethereum, sparking panic among investors.

Ethereum Price Crashes Below $1,900

Ethereum price plunged below $1,900 on Mar. 29, erasing gains made earlier in the week and triggering widespread liquidations. Nearly $165.3 million in long ETH positions were liquidated on Mar. 28. Prices dropped from over $2,050 on Mar. 26 to a low of $1,870 two days later. According to CoinMarketCap, Ethereum is currently trading at $1,895, down 5.34% over the past seven days. Blockchain data shows large holders moved more than 200,000 ETH over the past two weeks.

Ethereum Whale Makes Major Purchase

Amid the bearish market sentiment, a crypto whale found Ethereum (ETH) to be an ideal investment option and purchased a significant amount of the asset. On March 29, 2025, Lookonchain reported that the whale bought 3,195 ETH worth $5.97 million at an average price of $1,868. Furthermore, data shows that since March 26, 2025, the same whale has accumulated 29,341 ETH worth $58.18 million at an average price of $1,983.

Ethereum’s Future in Doubt as Expert Calls It “Completely Dead”

Lekker Capital founder Quinn Thompson has called Ethereum “completely dead,” citing declining transaction activity, weak user growth, and falling revenues. The ETH price has fallen from $4,000 in December to $1,883.81, and the 2025 forecast has been cut from $10K to $4K. Nic Carter blames Layer-2 networks for draining Ethereum’s value and weakening its main chain, adding to the doubts about its future as an investment.