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Ethereum cools after hitting another new high on Sunday

Out of $315 million of total ethereum liquidations in the past 24 hours, $217 million came from long positions.

8/25/25 12:04PM

After setting a new all-time high on Friday of $4,885 only to surpass it on Sunday with a price of $4,946, ethereum’s price has dropped to about $4,625.

The volatility has resulted in $315 million in total ethereum liquidations over the past 24 hours across nine exchanges, with over $217 million stemming from long positions, per CoinGlass.

“With Ethereum hitting a new ATH, the MVRV ratio has climbed to 2.15. This means, on average, investors hold over ~2.15x unrealized gains,” according to data analytics firm Glassnode. “This level mirrors prior market structures seen in March 2024 and December 2020, both of which preceded periods of elevated volatility and profit-taking.”

Meanwhile, US spot ETFs saw $341 million in inflows on Friday led by Fidelity’s Ethereum Trust. However, the inflows weren’t enough to offset the week’s total outflows, which ended at $237.7 million, finishing a 14-week streak of positive inflows into the investment funds, data from SoSoValue shows.

Ethereum treasury firms kept busy on Monday and updated their holdings:

ETHZilla said its board of directors authorized a stock repurchase program of $250 million and announced that the firm holds 102,237 ethereum tokens with an average acquisition price of $3,948. Its total holdings stand at roughly $489 million. The company also has an additional $215 million in cash equivalents, a press release reported. The announcement follows ETHZilla saying it “may issue and sell shares of our common stock having aggregate gross sales proceeds of up to $10 billion,” where net proceeds from the offering will be used to acquire ethereum, per a Friday filing with the SEC.
BitMine Immersion Technologies, the largest ethereum treasury firm, increased its holdings by 12.5%, jumping from 1.5 million tokens last week to about 1.7 million, with a press release saying the company’s crypto and cash holdings now exceed $8.8 billion.
Fundamental Global, which aims to have a 10% stake in the ethereum network, announced it has increased its holdings to 48,545 ethereum tokens, or roughly $230 million. The firm’s average purchase price sits at $3,850.

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Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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