Ethereum Foundation-Linked Wallet Deposits 1,250 ETH to Bitstamp

10/8/2024 9:17:16 AM

According to Lookonchain, a wallet associated with the Ethereum Foundation has recently transferred 1,250 ETH, valued at approximately $3.03 million, to the Bitstamp exchange. This wallet initially received 51,251 ETH from the Ethereum Foundation on November 17, 2015, which was worth $51.2K at that time and is currently valued at $124.5 million. This movement of funds may indicate potential selling pressure or strategic repositioning by the Ethereum Foundation. (Source)

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