Ethereum below $2,150, XRP at $1.10, Stellar loses 25% in one month: altcoins update

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Sunday night cost Ether bettors more than Bitcoin bettors. CoinGlass data counts $448 million in positions liquidated on ETH in 24 hours, compared to $272 million on BTC. The largest deleted order weighed 48 million dollars and it was also in Ether. The price broke $2,100. It returned to around $2,137 at 6 a.m., or 4.4% less for the day and 5.8% for the week.

Vitalik Buterin chose this weekend to shake up the house story. The co-founder believes that fee destruction has “never been a real floor” for the price of ETH, in a thread published on X. He prefers an Ether store of value. Justifying its capitalization by fees alone would, according to him, amount to valuing Ethereum like L’Oréal.

Bitcoin loses 4.2% in seven days. XRP lost 11.7% and fell to $1.10, a threshold hit on Sunday evening. Solana fell 7.8% to $87.37. BNB limits the damage with a 3.4% drop and remains at $687.

The HYPE case is crueler. Hyperliquid’s token fell 15.6% over the week to $74.47. The platform nevertheless ran its perpetual contracts on Nvidia shares all weekend, while Wall Street was closed.

Some of you have been keeping XLM since 2018 in an old wallet. They are worth $0.147 each this morning. The price of Stellar lost 12.4% in seven days and 25.4% in one month. The timing makes the fall strange. MetaMask made Stellar a default network at the end of October, during the Meridian conference in Lisbon: each account automatically receives a Stellar address derived from its recovery phrase, on mobile as on the extension. MetaMask claims over 30 million monthly users. The token was trading at around $0.17 on October 29.

American Ether ETFs reopen this Monday at 3:30 p.m. with Wall Street. They had 23 trading days of withdrawals until October 30, a record since their launch according to Glassnode. The price of XRP only has ten cents left before the threshold of one dollar.

Falling down the white rabbit hole in 2017, I went from avid reader to Editor-in-Chief of Journal du Coin. I like to get involved behind the scenes of projects to bring my vision of a decentralized future. A lover of beautiful letters, I coordinate our teams to transform technical complexity into human, precise information without unnecessary jargon. Between entrepreneurship and writing, my mission is clear: popularize tomorrow, but do it today.

Machine-translated from French