Wrapped Beacon ETH

Today's state: Wrapped Beacon ETH is trading at $1,961.23 with a $6.4 billion market capitalization (rank #204). The price moved +2.67% over the past 24 hours and is +11.35% over 7 days; the 30-day move stands at -0.02% and the 90-day at +0.00%.

Position vs cycle: Down more than 50% from its record, the asset is in a drawdown deep enough that price has tended to be driven by narrative and liquidity flows rather than a mechanical pull back to the mean.

Volatility and structure: 30-day realized volatility of 58.1% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Neutral (51/100), with a mixed multi-horizon profile and no clear directional bias.

Beyond Bitcoin, WBETH's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.04 — a minimal positive relationship.
• Ethereum reference: -0.02 — a minimal negative relationship.
• Solana reference: +0.17 — a minimal positive relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Wrapped Beacon ETH (WBETH) is a cryptocurrency, traded on global digital-asset markets. It trades at $1,961.23 as of the latest update, with a 24-hour move up 2.67%, placing it at rank #204 by market capitalisation among all listed digital assets. Wrapped Beacon ETH's current market cap stands at $6.40B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Wrapped Beacon ETH across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Wrapped Beacon ETH lets holders of the underlying asset participate in DeFi or applications on a different blockchain while keeping exposure to the underlying. Wrapped versions of major assets are widely used as collateral, as liquidity for DEX pools, and as building blocks in structured DeFi products.

Wrapped Beacon ETH (WBETH) is a mid-cap asset in the broad top 250, ranked #204 among all tracked tokens by capitalisation. Essentially all of the WBETH supply is already issued — roughly 3.26M of a 3.26M cap are in circulation — so future inflation is a non-factor. It currently trades about 63% below its all-time high of $5,325.03 set in August 2025.

Wrapped Beacon ETH (WBETH) is a wrapped asset: a token that represents another underlying asset on a different blockchain, issued under a custody or smart-contract guarantee. The underlying asset is held (or staked) by a custodian or protocol, and an equivalent amount of the wrapped token is minted on the destination chain. Burning the wrapped token releases the underlying.

Wrapped tokens are designed to track the underlying asset 1:1. Peg deviations occur when redemption is interrupted, when custody is questioned, or when DEX liquidity becomes thin. The metric that matters is not "price" but peg-to-underlying.

Wrapped Beacon ETH (WBETH) is a mid-cap asset in the broad top 250, ranked #204 among all tracked tokens by capitalisation. Essentially all of the WBETH supply is already issued — roughly 3.26M of a 3.26M cap are in circulation — so future inflation is a non-factor. It currently trades about 63% below its all-time high of $5,325.03 set in August 2025.

Wrapped Beacon ETH is used wherever the underlying asset is needed in a different on-chain environment: as DeFi collateral, as part of liquidity pools, as a yield-bearing alternative (in the case of staking derivatives), and as the substrate for structured products. It is rarely used for direct speculation — that demand goes to the underlying.

Daily turnover is light — roughly 0.09% of market cap ($5.67M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

Wrapped Beacon ETH is a wrapped token — supply expands as more of the underlying asset is custodied (or staked, in the case of liquid-staking derivatives) and contracts as the wrapped tokens are burned to redeem. There is no independent emission schedule. The tokenomics question that matters is whether the underlying is fully backing the wrapped supply, which depends on the custodian or protocol design.

Investors should treat the wrapped-token supply as a measure of how much "demand for on-chain DeFi access to the underlying" exists at the current moment. Growing supply suggests rising demand for DeFi composability with the underlying; shrinking supply suggests the opposite.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

Several traditional markets serve as useful cross-checks: a strong dollar (DXY) has tended to weigh on crypto; rising 10-year Treasury yields raise the cost of holding risk; gold occasionally trades as a parallel hard-money hedge; and US equities frequently move in sympathy with crypto when the driver is liquidity rather than fundamentals.

Zooming in on Wrapped Beacon ETH, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled WBETH up; draining liquidity has done the opposite. With a comparatively loose 90-day BTC correlation of +0.04, WBETH has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Risks are specific to wrapped assets: custody risk (the underlying may be compromised or seized), smart contract risk (mint/burn logic could be exploited), peg risk (the wrapped token can trade below par during stress), and protocol-specific governance risk (changes to the wrapping protocol may affect redeemability). Users should treat the wrapped token as exposure to the underlying plus the wrapper's risk surface.