[ETHZilla in the U.S. stock market drops over 31% intraday, market cap falls to $511 million] BlockBeats news, on August 23, according to market data, U.S. stock Ethereum reserve company ETHZilla (formerly 180 Life Sciences) dropped over 31% intraday, with its market cap falling to $511 million. BlockBeats previously reported that on August 15, ETHZilla's Ethereum holdings had increased to approximately 82,200 ETH. Its Ethereum holdings have now surpassed BTCS, ranking 10th among Ethereum treasury companies.