š Ether prices dipped 1.5% as traders reacted to an Ethereum Foundation wallet selling off $2.7M in ETH! Wallet "0x9eE457023bB3De16D51A003a247BaEaD7fce313D" made the swap on Monday, and it's tagged as a "Grant Provider" on Etherscan. š§
No word yet on what the Foundation plans to do with the proceeds, but traders didn't wait, pushing ETH losses to 1.8% in the past 24 hours. š® The Ethereum Foundation, while not an official entity, is influential and can impact token prices or Ethereum's outlook. š°
As of April 2022, the Foundation held almost $1.29B in ETH and $300M in non-crypto investments. š¼ What do you think they'll do with the funds? Share your thoughts in the comments! šØļø