Ethereum Foundation Moves $64.4 Million Worth Of ETH, Is This A Dump?
The Ethereum Foundation is again in the news following its recent transaction involving millions of Ethereum (ETH) tokens. The non-profit organization’s Ethereum transactions are always significant, considering the impact they usually have on the second-largest crypto token. Ethereum Foundation Transfers $64.4 Million Worth Of ETH Crypto journalist Colin Wu revealed in an X (formerly Twitter) post that a wallet (0x8e…D052) linked to the Ethereum Foundation transferred 18,089 ETH ($64.4 million) to a new address (0x87…D812). On-chain data shows that the new address has yet to transfer....
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The role of few Ethereum developers is speculated in the recent attempt to exchange over 7 million ETC's retrieved from the DAOs associated with the recent attack. Did the Ethereum Foundation secretly try to kill its sibling rival Ethereum Classic? The question may never be answered. But according to reports, few developers from the Ethereum Foundation may have been involved (in an individual capacity) in the recent attempt to dump close to 8 million ETC tokens into exchanges. The reports started emerging after the cryptocurrency exchanges Poloniex and Kraken received over $10 million....
The Ethereum Foundation has confirmed plans to convert 10,000 ETH, worth around $43 million, into fiat over the course of this month. The move, which was announced by the Ethereum Foundation’s official account on the social media platform X, comes less than two weeks after Ethereum set a new all-time high of $4,946 on August […]
The price of Ethereum has experienced a notable decline following a major Ether sale this week. The unexpected decrease has left the crypto community anxious about the stability of the world’s second-largest cryptocurrency and the long-term effects of the decline. Ethereum Price Drops After Large-Scale Ether Swap On Monday, October 9, the price of Ethereum declined following an extensive Ether swap by the Ethereum Foundation, a non-profit community-run organization dedicated to enabling better human coordination. Related Reading: These Bullish Factors Prove XRP Price Rally Is Not Over....
On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve Two days ago, the Luna Foundation Gaurd (LFG) announced a partnership with the Avalanche Foundation and disclosed it would be purchasing $100 million worth of avalanche (AVAX) in an over-the-counter (OTC) exchange. The $100 million in AVAX....
On Friday, April 3rd, the Ethereum Foundation staked over 45,000 Ether (ETH) tokens on the smart contract platform. This latest staking action brings the total amount of ETH locked by the foundation to roughly 69,500 coins, about 500 Ethers short of the foundation’s 70,000 staked ETH goal. Ethereum Foundation Stakes 45,000 Ether In A Single Day According to data from Arkham Intelligence, the Ethereum Foundation has continued to stake its coins and is now on the verge of reaching its 70,000 staked ETH target. This milestone came into sight on Friday after a series of transactions, a....