Ethereum Foundation-labeled Address Dumps 100 ETH
CryptoNewsTerminal Staff04 Jun, 2024
Ethereum Foundation-labeled Address Dumps 100 ETH
On-chain analyst ai_9684xtpa shared via Twitter that an Ethereum Foundation-labeled address had recently sold 100 ETH. This address was previously identified by the Ethereum Foundation as a placeholder for future allocations. The address had dumped 100 ETH to a few different exchanges. The sale has raised eyebrows within the Ethereum community, as it comes at a time when the price of ETH is struggling. Some community members have speculated that the Foundation may be selling ETH to fund its operations, while others believe that the Foundation may be taking advantage of the current price dip to accumulate more ETH. The Ethereum Foundation has not yet commented on the sale.
