๐ Ether prices fell 1.5% in the last few hours after a wallet thought to belong to the Ethereum Foundation sold some of the allocated tokens.
๐ Wallet โ0x9eE457023bB3De16D51A003a247BaEaD7fce313Dโ exchanged over 1,700 ETH for USDC worth $2.7 million on Monday. The wallet is labeled โGrant Providerโ on Etherscan and contains nearly $400,000 worth of tokens as of Monday morning.
โ๏ธ The Ethereum Foundation has not currently made any statement about what it aims to do with the income it receives. Still, investors reacted and ETH led the decline among major tokens, losing 1.8% in the last 24 hours.
๐ The Ethereum Foundation develops applications and programs for the Ethereum network, but it is not an official organization and is not a central group that controls what happens on the chain. However, it may have an impact on token prices or Ethereum's outlook among investors and developers.
๐ฐ As of April 2022, the foundation held $1.29 billion worth of ether (ETH) and approximately $300 million worth of non-crypto investments.
๐ฃ๏ธ How do you think this move of the Ethereum Foundation will affect the market? We are waiting your comments!
๐ Wallet โ0x9eE457023bB3De16D51A003a247BaEaD7fce313Dโ exchanged over 1,700 ETH for USDC worth $2.7 million on Monday. The wallet is labeled โGrant Providerโ on Etherscan and contains nearly $400,000 worth of tokens as of Monday morning.
โ๏ธ The Ethereum Foundation has not currently made any statement about what it aims to do with the income it receives. Still, investors reacted and ETH led the decline among major tokens, losing 1.8% in the last 24 hours.
๐ The Ethereum Foundation develops applications and programs for the Ethereum network, but it is not an official organization and is not a central group that controls what happens on the chain. However, it may have an impact on token prices or Ethereum's outlook among investors and developers.
๐ฐ As of April 2022, the foundation held $1.29 billion worth of ether (ETH) and approximately $300 million worth of non-crypto investments.
๐ฃ๏ธ How do you think this move of the Ethereum Foundation will affect the market? We are waiting your comments!