Analysis: Ethereum Price Drop Triggers Surge in Token Transfer Activity, Extreme Movement May Signal Seller Exhaustion

BlockBeats News, February 11th, CryptoOnchain posted on social media that when the Ethereum price dropped to the $2000 range, Token Transfers (14-day moving average) sharply spiked to 2.75 million, hitting the highest level since August 2025.

This surge indicates panic selling and a "washout" of weak hands. Historical data shows that such extreme activities often signal seller exhaustion and could potentially form a local bottom.

Reportedly, Token Transfers (14-day moving average) is an on-chain data metric used to observe the trend and intensity of token transfer activities on the Ethereum (or relevant blockchain) network. It typically refers to the simple moving average of the total number of ERC-20 and other standard token transfer transactions on the network over the past 14 days.