GETH, which is used on the Ethereum (ETH) Goerli testnet, experienced a spike as a result of the intervention of speculators. Many market analysts interpreted this as the end of the Goerli testnet.
Cross-chain platform LayerZeroDeepening manipulation, after coined trading between the Ethereum mainnet and the Goerli testnet last week, caused the GETH price 5 times in one day to $1.68 resulted in a rise. After the sudden rise, the price quickly increased again. $0.29 regressed to the band.
The vast majority of testnet Ethereum already exists on Goerli has several validators. Market analysts, who expressed their concerns in the face of this situation, if he sells a large amount of tokens at once They suggested that the fate of the testnet would be plunged into a questionable state.
According to data from DEXTools, approximately in the last 24 hours one million dollars value of GETH has been processed. Total currently in circulation 3.79 million GETH And 1,260 token holders exists.
A similar statement is Polygon (MATIC) Chief of Information Security. Mudit Gupta came by. Gupta’s condition beginning of the end described it as:
This is the beginning of the end of the Goerli testnet. It has served us well. Testnet Ether was supposed to be free but was derailed by speculators.
According to the data provided by GeckoTerminal, the GETH price is approximately between February 25-26. 460% soaring $0.29 from the level $1.68 appears to have reached the level. GETH, at the time of writing $0.29 traded at the level.
Ethereum developer team as a solution to the ETH supply problem in testnets holli They announced that they would launch a new testnet called As a result of the latest developments, the release of the Holli testnet seems inevitable.