$3.4 Billion Worth of Ethereum Tokens Lost Forever Due to User and Code Errors

2026 has been a difficult period for the cryptocurrency market: since the start of the year, each of the five largest crypto assets by market capitalisation has posted double-digit losses. Among this group, Solana ($SOL) has suffered the most, losing more than 47% of its value since January 1. To understand where the market may head next, we asked several leading modern artificial intelligence (AI) models to forecast the year-end prices of $BTC, $ETH, $BNB, $XRP and $SOL. Their answers were, to put it mildly, intriguing.

Ripple CTO Emeritus David Schwartz said $XRP’s use case is expanding as the $XRP Ledger supports issued assets, tokenised real-world assets and a growing range of financial products such as securities, funds, repo transactions and loans.

The series of outflows from Ethereum ETFs continues to weigh on demand. Spot $ETH ETFs recorded another weekly outflow of $168.2 million, extending the withdrawal streak to four consecutive weeks. With institutional demand declining, Ethereum has lost a source of liquidity that had previously absorbed supply during market downturns.

The crypto sector is preparing for a week packed with major token unlocks, sparking speculation among investors. The market is set to see a cumulative $938 million worth of token unlocks from June 8 to June 14. According to data from DefiLlama,

According to the data, Strategy, led by Michael Saylor, has suffered total losses of more than $12.4 billion on its Bitcoin portfolio, while BitMine, led by Tom Lee, has lost more than $10 billion on its Ethereum portfolio.