Pinapalitan ng Ethereum Foundation ang Ether na nagkakahalaga ng $2.7 Million, bumaba ang ETH
Ethereum Pinapalitan ng Ethereum Foundation ang Ether na nagkakahalaga ng $2.7 Million, bumaba ang ETH 1 hour ago Balita ng Ethereum ng Bitcoin The swap was done on Uniswap. Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66. Ethereum Foundations significant holdings of Ether influence market dynamics despite its decentralized nature. The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether (ETH) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange. Market reaction and impact The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market. Ethers price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected other major tokens as well. Ethereum Foundations holdings As of April 2022, the Ethereum Foundation held a substantial amount of ETH, valued at nearly $1.29 billion, representing roughly 0.297% of the total Ether supply at that time. Additionally, the foundation had approximately $300 million in non-crypto