Ethereum Faces Worst October Since 2018 Amid ETF Outflows and Whale Activity
Ethereum's price drops 13.6% this month as ETFs shed $1.35B and dormant wallets activate.
Ethereum's price drops 13.6% this month as ETFs shed $1.35B and dormant wallets activate. Ethereum (ETH) is trading at ₹2,20,799 ($2,316.98). This is an original Token Times brief synthesising 3 outlets (BeInCrypto, The Crypto Basic, Crypto Daily), plus live market data, as of Thu, 29 Oct 2026 10:15:02 UTC.
The combination of institutional outflows and increased activity from long-dormant wallets suggests potential shifts in Ethereum's investor base and market dynamics. This could impact ETH's price stability and investor sentiment.
- Ethereum's price has fallen 13.6% in October, the worst performance since 2018.
- US spot ETFs have sold $1.35B in ETH this month.
- Dormant wallets have moved over $140M in ETH recently.
- The broader crypto market is also down, with Bitcoin falling 1.71% in the last 24 hours.
BeInCrypto and The Crypto Basic both report Ethereum's 13.6% price decline this October, marking its worst performance since 2018. They agree on the $1.35 billion outflow from US spot ETFs and the movement of over $140 million in ETH from wallets that had been dormant for years. However, The Crypto Basic provides additional context about broader market developments, including the Federal Reserve's rate decision and Ripple's stablecoin expansion, which may be influencing the overall market sentiment.
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- Ethereum Faces Worst October Since 2018 Amid ETF Outflows and Whale Activity — this brief
Ethereum (ETH) is experiencing significant downward pressure this October, with its price dropping 13.6% so far this month. This marks the cryptocurrency's worst performance in October since 2018, according to BeInCrypto and The Crypto Basic.
The decline in ETH's price is attributed to a combination of institutional outflows and increased activity from long-dormant wallets. US spot Ethereum ETFs have shed approximately $1.35 billion in ETH, indicating a potential shift in institutional sentiment. Additionally, wallets that had been inactive for years have recently moved over $140 million in ETH, suggesting possible changes in long-term holder behavior.
The broader crypto market is also facing headwinds, with the total market cap at $2.75 trillion and most major cryptocurrencies in the red. 
Bitcoin, for instance, is down 1.71% in the last 24 hours. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
In other market developments, the Federal Reserve's recent rate decision, expanded access to Ripple's stablecoin, and the commercial launch of DTCC's tokenization service may be influencing the overall market dynamics. Additionally, institutional custody technology advancements, Stellar's tokenization ecosystem, and a new foundation backed by Tether are contributing to the evolving landscape.
On-chain data from DeFiLlama shows that Stellar's Total Value Locked (TVL) has increased by 19.5% over the past week to $128.71 million, while Ethereum's DeFi TVL stands at $45.84 billion. These figures indicate that while Ethereum's DeFi ecosystem remains strong, there are shifts occurring in other areas of the market.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹2,20,881.23$2,317.84 to ₹2,20,799.27$2,316.98 — -0.04%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹243,282.9 (about $2,316.98), down 2.1% over 24 hours. The rupee itself trades about 10.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethereum Faces Worst October Since 2018 Amid ETF Outflows an — questions & answers
Why is Ethereum's price dropping this October?
Ethereum's price is dropping due to institutional outflows of $1.35 billion from US spot ETFs and the movement of over $140 million in ETH from dormant wallets.
What is the current state of the broader crypto market?
The broader crypto market is down, with a total market cap of $2.75 trillion and Bitcoin falling 1.71% in the last 24 hours.
What other market developments are influencing the crypto landscape?
The Federal Reserve's rate decision, Ripple's stablecoin expansion, and DTCC's tokenization service launch are among the key developments influencing the market.
How much is 1 Ethereum worth in rupee today?
About ₹243,282.9 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,316.98. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto, The Crypto Basic, Crypto Daily, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.