The Ethereum Foundation dumped 5,748 ETH, and the community: Is a big fluctuation coming?
According to Lookonchain monitoring at around 19:35 this evening (9th), the Ethereum Foundation (EF) deposited 5,748 Ethereums worth approximately US$17.89 million to the cryptocurrency exchange Kraken this evening.
(Preliminary summary: The Ethereum Foundation sold 21,000 ETH in three months and quietly obtained US$72.94 million in roadmap funds)
(Background supplement: The Ethereum Foundation sold 10,000 ETH to "sponsor development", the currency price fell below 4,300 mg, and it was transferred to Kraken before the announcement)
According to Lookonchain at 19:35 this evening (9th) Monitoring left and right, the Ethereum Foundation (EF) deposited 5,748 ETH, worth approximately $17.89 million, to the cryptocurrency exchange Kraken this evening:
Wallet 0x9D1c deposited 5,748 $ETH (worth $17.89 million) to Kraken about 50 minutes ago. On-chain data shows that the $ETH originally came from the Ethereum Foundation.
https://twitter.com/i/web/status/1998356228569981342
As of the time of writing this article, the Ethereum Foundation has not responded to this change in funds, and the specific use of funds has not been disclosed in detail.
However, it is worth noting that it is precisely because the Ethereum Foundation has not explained this change in funds that it has also triggered various speculations in the crypto community. Some people are watching the show, while others are nervous. Some people think it is the regular fund management of the Ethereum Foundation, and some people directly shout that "the foundation is escaping from the top." However, most people regard this change in funds as a signal that "big moves will follow." The following are excerpts from some community comments:
"It's really embarrassing for the Ethereum Foundation to sell when the currency price is weak. The picture is not pretty..."
"When the giant whale acts, the real signal is hidden in "why it acts". Rather than "where the money goes"."
"Where the money comes from, it means who is behind the operation. This kind of level change is usually the prelude to big fluctuations, not retail investors. Keep watching, this wave may shake the market."
"Wow, the Ethereum Foundation goes directly to Kraken lost 5,748 ETH? What's the trick?"
"Kraken deposit + EF tag... The market's favorite game is here again: "Guess what the reason is this time!" I guess it is rebalancing the capital position, or preparing some surprises. Anyway, just follow the capital flow."
