The post Trader Turns $125K Into $43M – Nearly Loses It All in ETH Crash appeared on BitcoinEthereumNews.com. Ethereum One of crypto’s most talked-about traders saw fortunes swing violently this week after Ethereum’s price briefly slipped toward $4,000. The trader, who had grown a $125,000 stake into more than $43 million in just four months, was hit with a massive liquidation on decentralized exchange Hyperliquid. As ETH plunged, $6.2 million was wiped out, leaving the account with barely $770,000 — almost all of the meteoric gains gone in just two days. Blockchain tracker Lookonchain flagged the event, calling it one of the most dramatic reversals in recent memory. Other high-profile traders also felt the squeeze. Leveraged investor James Wynn, long known for aggressive Ethereum positions, saw his holdings slashed as well. Wynn admitted afterward that he had gone “all in” and would now have to cut back living expenses if the long-awaited altcoin season doesn’t materialize. The sudden downturn also spurred large whales into action. Several dumped positions, unloading a combined $147 million worth of Ether. Yet not everyone panicked. Data from Nansen shows opportunistic buyers stepping in, with some top traders snapping up multi-million-dollar sums of ETH at discounted levels. Even the notorious Radiant Capital exploiter’s wallet reportedly accumulated over $16 million worth during the dip. Markets are now looking beyond the chaos and toward Friday’s Jackson Hole address from Federal Reserve Chair Jerome Powell. Analysts at Nexo argue that the next big move in crypto may depend less on chart patterns and more on signals from the Fed about interest rates and monetary policy. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov… The post Trader Turns $125K Into $43M – Nearly Loses It All in ETH Crash appeared on BitcoinEthereumNews.com. Ethereum One of crypto’s most talked-about traders saw fortunes swing violently this week after Ethereum’s price briefly slipped toward $4,000. The trader, who had grown a $125,000 stake into more than $43 million in just four months, was hit with a massive liquidation on decentralized exchange Hyperliquid. As ETH plunged, $6.2 million was wiped out, leaving the account with barely $770,000 — almost all of the meteoric gains gone in just two days. Blockchain tracker Lookonchain flagged the event, calling it one of the most dramatic reversals in recent memory. Other high-profile traders also felt the squeeze. Leveraged investor James Wynn, long known for aggressive Ethereum positions, saw his holdings slashed as well. Wynn admitted afterward that he had gone “all in” and would now have to cut back living expenses if the long-awaited altcoin season doesn’t materialize. The sudden downturn also spurred large whales into action. Several dumped positions, unloading a combined $147 million worth of Ether. Yet not everyone panicked. Data from Nansen shows opportunistic buyers stepping in, with some top traders snapping up multi-million-dollar sums of ETH at discounted levels. Even the notorious Radiant Capital exploiter’s wallet reportedly accumulated over $16 million worth during the dip. Markets are now looking beyond the chaos and toward Friday’s Jackson Hole address from Federal Reserve Chair Jerome Powell. Analysts at Nexo argue that the next big move in crypto may depend less on chart patterns and more on signals from the Fed about interest rates and monetary policy. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more