Ethereum Foundation’s $3M ETH Shift Creates Worries

The post Ethereum Foundation’s $3M ETH Shift Creates Worries appeared first on Coinpedia Fintech News

Ethereum is floating in a turbulent wave due to massive whale activity recorded today as the Ethereum foundation shifted nearly $3 million ETH to a multisign address raising speculations over Ethereum’s future prices. Since the beginning of 2024, the Ethereum Foundation has sold 1,766 ETH for 4.81 million DAI to the same address. ETH price witnessed a dip after most of the sell transactions. ETH descended down considerably by 3.14% in the past 24 hrs and is currently trading at $2991.10. A 14.96% decrease in trading volume was also seen.