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CEO Mullin Considers OM Token Burn to Restore Investor Confidence Amid Recovery Concerns

After a tumultuous period, the OM token has seen a resurgence, driven by CEO John Patrick Mullin’s proposal to burn team tokens to regain investor trust. Despite skepticism from industry CoinTurk News

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Ethereum Faces Mixed Signals as Exchange Inflows Surge and Long-Term Whale Returns

Ethereum , the second-largest crypto by market capitalization, is currently sailing across a complex sea marked by conflicting signals both from on-chain data and from market sentiment. As of mid-April, over 368,000 ETH have been transferred to centralized exchanges, a substantial uptick that could suggest either an increase in selling pressure or an increase in the number of traders prepping for trades. Over 368,000 #Ethereum $ETH have been sent to exchanges since the start of the month! pic.twitter.com/nwnzxvHi9X — Ali (@ali_charts) April 15, 2025 Exchange inflows have risen sharply. Large amounts of ETH flowing to exchanges often indicates the conversely large amounts of ETH holders preparing to sell. ETH is currently on the edge of technical territory, both thy shall not and may cross (the downside implications for that being pretty clear), and is coming off a multi-week bounce off its previous high. Why are we questioning this flow? Because the ETH flow is certainly begging for answers, whether presently unclear or not. Support Levels, Sell-Offs, and Technical Indicators Currently, $1,546.55 is one of the most scrutinized price levels for Ethereum. This figure is a significant accumulation area, where on-chain data indicate about 822,440 ETH have been bought. In technical analysis lingo, this is often referred to as a critical support zone. If the price should happen to come back near this area, traders will be closely watching to see if it breaks down or bounces back in a strong way. The Sequential TD indicator, which is a favorite tool among crypto traders for spotting reversals in trend, has just recently flashed a buy signal on the weekly chart for Ethereum. This might seem counterintuitive. After all, Ethereum has been following Bitcoin downwards in recent weeks. But what if the price of Ethereum is actually about to stop falling and start reversing to the upside? Nevertheless, the market is facing some significant selling activity from one of Ethereum’s oldest and most renowned holders. A whale wallet related to the 2015 Ethereum Initial Coin Offering has reemerged, shifting and offloading a total of 612 ETH (about $1 million) within just a couple of days. In terms of the total amount of market liquidity Ethereum has, this is a relatively tiny sum and shouldn’t really impact the price. Still, the whale’s activity is noteworthy because it is historically significant, and, despite these recent transactions, the holder still has around 29,577 ETH, which is worth close to $48 million. The 2015 Ethereum ICO whale is back again — dumping 612 $ETH ($1M) after just 2 days. At a cost basis of just $0.31, this OG still holds 29,577 $ETH (~$47.98M). If the sell-off pace continues (630 $ETH every 2 days), it’ll take nearly 3 months to drain the rest. Source:… pic.twitter.com/0VymaIq2W3 — Followin (@followin_io) April 15, 2025 What’s more fascinating is the tempo: if this selling pace keeps up — roughly 630 ETH every couple of days — the whale’s stash would be entirely sold off in three months. Though it’s hard to see how this could have much of an effect on price directly, since no one would be likely to notice if some off-screen Ethereum whale were selling out, it does send a signal. And that may be what makes it the most interesting of all. In a sign of the ongoing bearish trend, Ethereum’s spot ETFs experienced a net outflow of $5.98 million on April 14 — the fifth straight day of net outflows. These withdrawals indicate a change in institutional sentiment and come as Bitcoin ETFs are still managing to attract modest inflows. The contrast in these two stories could suggest a more pronounced view forming among analysts and investors that Ethereum’s near-term prospects look especially shaky. On April 14, spot Bitcoin ETFs recorded a total net inflow of $1.4705 million. In contrast, spot Ethereum ETFs saw a total net outflow of $5.9781 million, marking the fifth consecutive day of net outflows. https://t.co/Hj2Gs49bWa — Wu Blockchain (@WuBlockchain) April 15, 2025 A Crossroads for Ethereum At a crucial juncture, Ethereum is now inundated with big-time pressures from all sides. From one angle, the basic premise on which ETH is built is as strong as ever. There is still plenty of network development going on that ought to please long-term investors and users. The ongoing Layer 2 rollout is pushing scalability even further in the right direction, and ETH’s decent exposure to decentralized finance—still a key concept in any crypto bull case today—hasn’t changed much. But from another angle, several worrying trends have now surfaced in the context of cryptocurrency exchanges. Even so, if Ethereum manages to hold up above the $1,546 support, and if the TD Sequential signal turns out to be correct, then a rebound might be in the offing. Nonetheless, quite a few market participants are probably going to be rather cautious until ETF outflows stabilize and the long-term holder selling slowdown becomes a confirmed trend. The 2015 Ethereum ICO whale is back again — dumping 612 $ETH ($1M) after just 2 days. At a cost basis of just $0.31, this OG still holds 29,577 $ETH (~$47.98M). If the sell-off pace continues (630 $ETH every 2 days), it’ll take nearly 3 months to drain the rest. Source:… pic.twitter.com/0VymaIq2W3 — Followin (@followin_io) April 15, 2025 In the coming weeks, everyone will be watching to see if Ethereum can dismiss the bearish forces and reestablish an upward movement — or if it will instead move into a more severe correction, as the world of macroeconomics and specific pressures in the marketplace conspire against it. Either way, the next move could be a key one for Ethereum, helping to set its course through the second quarter of 2025. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinTurk News