ETH Down Bad
According the above and left data we can see that ERC20 token price had Downward Trends
Between 6 Nov 2022 and 9 Nov 2022 ERC20 tokens price decreased mostly -30%
in last 30 days CRV had the most price Decreased with -39.1% %
What is ETH?
Ether (ETH) is the native token used by the Ethereum blockchain and network as a payment system for verifying transactions. ERC-20 is the standard for creating smart contract-enabled fungible tokens to be used in the Ethereum ecosystem.
ETH is the lifeblood of Ethereum. When you send ETH or use an Ethereum application, you'll pay a fee in ETH to use the Ethereum network. This fee is an incentive for a block producer to process and verify what you're trying to do. Validators are like the record-keepers of Ethereum—they check and prove that no one is cheating. They are randomly selected to propose a block of transactions. Validators who do this work are also rewarded with small amounts of newly-issued ETH. The work validators do, and the capital they stake, keeps Ethereum secure and free of centralized control. ETH powers Ethereum.
ETH's valuable in different ways to different people. For users of Ethereum, ETH is valuable because it lets you pay transaction fees. Others see it as a digital store of value because the creation of new ETH slows down over time. More recently, ETH has become valuable to users of financial apps on Ethereum. That's because you can use ETH as collateral for crypto loans, or as a payment system. Of course many also see it as an investment, similar to Bitcoin or other cryptocurrencies.
Stolen ETH was sold by the Hacker!
The FTX Hacker started selling his ETH on 20th November. He has sold almost $20M worth of ETH tokens and as a result, within 3 hours, this token dropped by 5% and reached the price floor of $1150.
The hacker first transferred 40,000 Ethereum to a new address and then converted it to WBTC and then to renBTC using the 1inch decentralized exchange.
Methodology
in thisdashboard we are going to analyze Activity ETH and other ERC20 token price
also we analyze Activity of ETH on other token price
i use flipsideCrypto to Aanlysis this dashboard
the main Metrics:
- ERC20 Token
- Other Coins
- ETH Swaps
- ETH Inflow and Outflow From Cexs

Price
ETH Swaps
ETH Flow on CEXs
According the above data we can see that ETH price had Downward Trend
Between 6 Nov 2022 and 9 Nov 200 ETH price decreased from 1600 to 1120
in last 30 days ETH price Decreased 27.9% and Average price in this month 1340$
According the above and right data we cans see BTC Price Decreased in last month
BTC Price Mostly Deacresed -21$ in November and Average Price in this month $18K
According the above and right data we cans see SOL Price Decreased in last month
SOl Price Mostly Deacresed -62% in November and Average Price in this month $21.4
According the above and right data we cans see FLOW Price Decreased in last month
SOl Price Mostly Deacresed -30% in November and Average Price in this month $1.39
According the above charts we can see the net volume of swaps is -74.6M ETH which is a significant amount and is another reason behind ETH price drop during recent days.
Considering that the fear and panic of traders because of sell pressure of FTX drainers can be another cause of this massive sell amount.
also , we can see the net swap volume is quite negative in all days especially during 8th, 9th and 10th November.
But as time goes on, this negative amount is being lower and lower (but still negative) and this can be good news for ETH.
Based on the above charts, the most number and also volume of ETH sales has achived on 8th, 9th and 10th November, we can see both number and especially volume of swaps from WETH (selling it) to other tokens is more than swaps to WETH (buying it).
Anyway, there is increasing activity of swaps to WETH (buying) during recent days and this can be good news for ETH.
According the above charts the situation of ETH in CEXs is better than DEXs because its net flow on CEXs during November was negative. this shows that majority of ETH tokens during November were transferred out of centralized exchanges and this can be good news because of less possibility of selling ETH in CEXs.
Conclusion
- We have seen that many cryptocurrencies have lost their value after FTX collapse and the token with the highest price drop was SOL because of heavy investment of FTX on this token
- Since November 6th Ethereum and Top ERC20 tokens have declined in value sparkly
- ETH token has lost 27% of its value
- the situation of ETH on CEXs is better than DEXs and we have seen more outflows from CEXs than inflows during November
- The ETH balance of FTX hackers and also their selling activity has quite correlation vs ETH token price
to analysis this Question and this dashboard i Took idea from Ali3n and Jack the guy dashboards
thanks alot Dear ==Ali3n== and ==Jack the guy==
discord: rich_betoo#9127
Twiiter : Rich_betoo
Thanks for your time
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