#santimentfeed
#Ethereum 's market cap has dropped -36% since its local high just 7 weeks ago. The result has been a stark drop in the amount of #ETH tokens in profit since their date first mined. On the daily close, we are seeing the lowest percentage in profit in over 4 months, and lowest amount of coins in over 3 months.
The crowd has been notoriously negative toward the #2 market cap as it has under-performed compared to other large caps. With a great deal of #FUD and retail traders willingly dumping their tokens, there may be some surprise bounces in store once crypto markets are able to stabilize.