Ether has dropped 15 percent since the Merge, but why? Ethereum miners dumped almost 30,000 ETH prior to the Merge. Did the Merge give institutional investors a new destination? Ethereum POW sees its first smart contracts exploit. I would expect Ethereum miners to dump their ETH. After all, they can’t mine any more. If they’re moving on from Ethereum, selling their ETH would be smart thing to do. Of course, that was a major catalyst of ether losing its value during the Merge. But I wonder if a subsequent sell-off in the rest of the market followed. https://cryptocracy.substack.com/p/eth-has-fallen-15-since-the-merge
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