Ethereum Foundation Moves Big ETH Lump – Sell-off Coming?

Should we be scared 😱?

Organization that created Ethereum blockchain recently transferred millions of US dollars worth of Ethereum, ETH community became intrigued.

This transaction happened right after the ETH price showed a marginal rise, which followed a recent drop of 4.23%. Still, Ethereum continues to hold above the key $2,000 level so far. Ethereum Foundation moves 1,000 ETH In its recent X post, Lookonchain stated that 1,000 ETH worth an impressive $2 million was moved by the Ethereum Foundation to a Safe multi-signature wallet "0x4e6b." Safe is a type of wallet based on Ethereum chain. Earlier this year, according to data shared by @lookonchain, the Ethereum Foundation also transferred several similar lumps of ETH to the same multi-signature wallet – 1,000 ETH nearly three months ago and another 1,000 ETH almost half a year ago. The goal of these transactions remains unclear and has not been commented on by any Ethereum rep so far.

#ETH #Sell #selloff #EthereumHigh #EthereumWhales

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