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Ethereum Market Cap Evaporates Over $35 Billion in Three Days, Equivalent to Three Los Angeles Lakers Teams

Summary: According to reports, NBA's Los Angeles Lakers agreed to sell a majority stake to TWG Global Chairman and CEO Mark Walter for $10 billion on June 18, 2025. However, between June 19 and June 22, Ethereum's market cap dropped from $308.6 billion to $272.7 billion, a decrease of over $35 billion. This means that Ethereum's ...

According to reports, NBA's Los Angeles Lakers agreed to sell a majority stake to TWG Global Chairman and CEO Mark Walter for $10 billion on June 18, 2025. However, between June 19 and June 22, Ethereum's market cap dropped from $308.6 billion to $272.7 billion, a decrease of over $35 billion. This means that Ethereum's market cap has fallen by an amount equivalent to three Los Angeles Lakers teams in the past three days. (CoinDesk)

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