Ethereum Foundation Confirms Selloff Reason; ETH Price Surge At Risk?

Quick Summary:

The Ethereum Foundation’s Executive Director, Aya Miyaguchi, has addressed the community’s concerns following a significant transaction involving the transfer of 35,000 ETH, valued at approximately $94.07 million, to the crypto exchange Kraken.

This transaction raised questions and sparked discussions regarding the Foundation’s financial strategies and potential market impact.

The market has been closely monitoring the Foundation’s recent actions, particularly in light of the ongoing recovery in the ETH price.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Ethereum (ETH) Ethereum Foundation 24/7 Cryptocurrency News Ethereum News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-24 @ 17:41:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22241530

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