๐ 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. ๐ง
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. ๐ฎ The Ethereum Foundation, while not an official entity, is influential and can impact token prices or Ethereum's outlook. ๐ฐ
As of April 2022, the Foundation held almost $1.29B in ETH and $300M in non-crypto investments. ๐ผ What do you think they'll do with the funds? Share your thoughts in the comments! ๐จ๏ธ