David Edwards
Tron founder Justin Sun has raised concerns over Ethereum’s massive liquidations, which have totaled $2.1 billion in the past two weeks. As selling pressure intensifies, Ethereum’s price has plummeted, sparking debate among industry experts about the network’s long-term sustainability.
Ethereum Faces Heavy Selling Pressure
As of March 14, 2025, Ethereum is trading at $1,880, reflecting a 51.63% decline from its December 2024 high of $3,888, according to CoinGecko. The asset has dropped 30.6% in the last 30 days and nearly 18% in the past week, as bearish sentiment grips the market.
Industry participants point to Ethereum’s high-leverage trading risks as a key factor driving liquidations, with concerns mounting over the network’s decentralized finance (DeFi) protocols and overall market stability.
Market Experts Weigh In on Ethereum’s Struggles
Sun’s inquiry sparked discussions within the crypto community, including a controversial take from Alexander, the founder of PostFiat, an AI-driven crypto finance system. He criticized Ethereum for failing to achieve meaningful transaction growth since 2017 and questioned the blockchain’s overall utility:
“So begs the question… What is the point of the chain? The same thing as every other blockchain—to move tether and ‘store value.’ Pretty depressing tbh.”
Further highlighting the crisis, CryptoQuant CEO Ki Young Ju shared on-chain data showing $1.8 billion worth of ETH exited exchanges last week, marking the largest outflows since December 2022.
According to CryptoQuant, Ethereum’s trading volume has dropped 38.17% to $36.82 billion, while open interest (OI) in futures has declined 2.61% to $18.05 billion—indicating more traders exiting positions rather than opening new ones.
