Crypto
Aethir's ATH Token Takes a Crushing Blow as Coinbase Delists and Fed Rattles Markets
Ath's token price has plummeted by 96% from its all-time high of $0.1185 to $0.00452 in recent days, sparking concerns about the long-term value of crypto investments.
The sharp decline is attributed to Coinbase's decision to delist Ath perpetual futures contracts on September 3, reducing derivatives liquidity and forcing traders to close or unwind positions.
The situation is further complicated by Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole symposium on August 28, which have intensified fears of a September interest rate hike and sent ripples through crypto markets.