What happened: On Wednesday a total of 5,049.21 Ether (CRYPTO: ETH) worth $9,314,279, based on the current value of Ethereum at time of publication ($1,844.70), was burned from Ethereum transactions.
Lido DAO's (CRYPTO: LDO) price has decreased 5.24% over the past 24 hours to $2.24. This is contrary to the coins performance over the past week where it has experienced an up-trend of 5.0%, moving from $2.09 to its current price.
Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remained above the $26,000 level on Thursday.
Ethereum (CRYPTO: ETH) also recorded losses, but traded above the key $1,800 mark this morning.
After more than a decade of inactivity, a wallet holding a large sum of Bitcoin (CRYPTO: BTC) worth $37.8 million made a transfer of 1,432.93 Bitcoin to a new address.