$400M in Liquidations as Ethereum (ETH) Slumps to 2-Month Lows

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$400M in Liquidations as Ethereum (ETH) Slumps to 2-Month Lows
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Ethereum's native cryptocurrency has dumped by a double-digit percentage, leading today's massive sell-off.

The asset traded around $1,600 last Thursday when the MergeIt entered the weekend at around $1,450, but the past 12 hours brought a lot of pain to the bulls as ETH slumped below $1,300 for the first time since mid-July.

Cardano, Polkadot, Shiba Inu, and Polygon have also dumped by up to 10% from the larger-cap altcoins.

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