đ Ether prices dip as Ethereum Foundation wallet sells $2.7M worth of tokens!
- A wallet linked to the Ethereum Foundation sold over 1,700 ETH for $2.7 million in USDC on Monday, according to Arkham data.
- The wallet, tagged as a "Grant Provider" on Etherscan, holds nearly $400,000 worth of tokens as of Monday morning.
- Ethereum Foundation's intentions for the proceeds remain unknown, but traders reacted, with ETH losing 1.8% in the past 24 hours.
- The foundation, while not an official entity, is influential and can impact token prices or Ethereum's outlook among investors and developers.
- As of April 2022, it held almost $1.29 billion in ETH (0.297% of total supply) and about $300 million in non-crypto investments.
What do you think the Ethereum Foundation plans to do with the proceeds? Share your thoughts in the comments! đ
- A wallet linked to the Ethereum Foundation sold over 1,700 ETH for $2.7 million in USDC on Monday, according to Arkham data.
- The wallet, tagged as a "Grant Provider" on Etherscan, holds nearly $400,000 worth of tokens as of Monday morning.
- Ethereum Foundation's intentions for the proceeds remain unknown, but traders reacted, with ETH losing 1.8% in the past 24 hours.
- The foundation, while not an official entity, is influential and can impact token prices or Ethereum's outlook among investors and developers.
- As of April 2022, it held almost $1.29 billion in ETH (0.297% of total supply) and about $300 million in non-crypto investments.
What do you think the Ethereum Foundation plans to do with the proceeds? Share your thoughts in the comments! đ