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Produced by Daniel Aharonoff & Mogul Media AI

Ethereum's $696M ETF Exodus Dwarfs the Foundation's $8M: Who's Selling?

Everyone's Blaming the Ethereum Foundation. The Real Sellers Are 87 Times Bigger. Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have watched this market blame the same wallet for a month — and on Friday, November 13, the numbers finally proved the crowd wrong. Ethereum slipped back below $2,000, trading near $1,935 after touching an intraday low of $1,894, and the loudest story on crypto Twitter was the Ethereum Foundation selling another 2,000 ETH. It sounds damning. It is also, by the numbers, almost irrelevant. Here is the real story of this selloff: United States spot Ethereum ETFs dumped $695.9 million in November through November 11, while the Foundation-linked wallet sold about $8.03 million in the same month. That is not a rounding error. That is an 87-to-1 ratio. One side of this market is a rounding error. The other side is a landslide. So let me ask the question that actually matters: who is really selling Ethereum — and who, quiet...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling the Solana Saga: From Microwaves to NFTs

The recent stunt involving a Solana Saga smartphone being microwaved by influencer Bangerz has sparked both controversy and intrigue within the crypto community. Here's a breakdown of the events and the aftermath:

The Saga of the Solana Saga Smartphone Microwaving Incident

  • Bangerz, a self-proclaimed "washed-up influencer" and CEO of NFT launchpad 3land, posted a video of herself microwaving one of the limited 20,000 Solana Saga smartphones.
  • The video depicted the smartphone emitting crackling sounds, steaming, and eventually dripping a mysterious liquid as the screen bubbled off the hardware.
  • Following the microwave stunt, Bangerz minted 3,333 commemorative Solana NFTs inspired by the video, all free to mint via 3land.
  • Solana co-founder Anatoly Yakovenko and other Solana users reacted to the NFT release, with the message "Saga phones are now deflationary" gaining attention.
  • The Saga Microwave NFTs were quickly minted and started trading on secondary marketplaces, initially selling for about $25 worth of Solana but subsequently dropping to around 0.045 SOL (just over $4) on Tensor.
  • Despite the initial hype, the NFTs have generated approximately $33,000 worth of trading so far.

3land's History of Meme-Inspired NFT Drops

  • 3land is recognized for its meme-inspired NFT drops on the Solana network, with previous releases including the "Saga Bust of the Year" collectible based on negative feedback from popular tech reviewer Marques "MKBHD" Brownlee.
  • The project also introduced NFTs inspired by the Solana meme coin "A Gently Used 2001 Honda" as part of its creative offerings.

The controversial microwave stunt and subsequent NFT release by Bangerz have stirred the Solana community, raising questions about the intersection of technology, art, and provocation in the crypto space. As the trading of Saga Microwave NFTs continues and their value fluctuates, it remains to be seen how this event will impact the broader narrative surrounding Solana and NFTs.

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