$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is…