Traders seeking to artificially inflate the price of collections or earn marketplace trading rewards generated $389 million in wash trades during October.

<a href="https://ambcrypto.com/funds-stolen-from-ftx-on-the-move-a-dump-will-have-this-effect-on-eth/">Ethereum [ETH]</a>&nbsp;broke through several support levels and plunged even lower as FUD spread around the alleged FTX exploiter dumping ETH for BTC. The alleged FTX exploiter sold 50,000 ETH for BTC over the weekend, knocking ETH off the $1,200 mark.

After a significant crash in the cryptocurrency market due to the FTX bankruptcy, Ethereum’s price has dropped to a decisive support level of $1K.

Green and eco investing is set to be one of the biggest growing asset classes in the next decade as governments, institutions and individuals push for solutions to the climate crisis.

Ethereum creator Vitalik Buterin has again criticized the <a href="https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer" target="_blank">Bitcoin</a> community's enthusiasm for El Salvador and its president Nayib Bukele, saying that many Bitcoin advocates have ignored the fact that Bukele’s government is "not very democratic."

Ethereum has seen a decline over the past 24 hours. Being hit with new selling pressure, the world’s second-largest crypto asset has plummeted by over 8%. Despite its recent pressure, the whales have become more intense on ETH.

Ethereum (ETH) founder Vitalik Buterin has warned that the cryptocurrency sector still has the potential to attract bad actors while referencing Terra (<a href="https://finbold.com/cryptocurrency/terra/">LUNA</a>) proprietor Do Kwon.&nbsp;

After several days of standing in one place, bitcoin took a turn to the worse and dropped to a weekly low of under $16,000.

As per the Whale Alert data, Crypto whales have moved around 400K Ethereum from the crypto exchanges. More than $445 million worth of Ethereum was moved to multiple unknown wallets amid the price dump.

Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours.