Ethereum Foundation Shifts Millions in ETH Before 6% Price Decline


17 Nov 2023 2:09 PM

ETH still trading below $2,000 and down 6% in last 24 hours...

  • The Ethereum Foundation has made significant ETH moves recently, according to on-chain data.
  • The foundation transferred 1,200 ETH worth $2.36 million to the grant provider wallet.
  • Another transfer of 75 ETH worth $148,000 was made to the wallet "0x180c".
  • Arkham Intelligence also reports a significant ETH move by the Ethereum Foundation, with wallet 0x9eE transferring 1066 ETH to a new multisig wallet.
  • The motive behind these transfers is uncertain.
  • Ethereum's price has been volatile, reaching highs of $2,100 before retracing back to $1,909.
  • Currently, ETH is trading below $2,000 and has seen a 6% decrease in the last 24 hours.
  • BlackRock, the world's largest asset manager, has filed for an iShares Ethereum Trust, a spot Ether exchange-traded fund (ETF).
  • The price of Ethereum initially increased in response to the filing but returned to previous levels.

The sentiment in the article is mostly neutral, providing factual information about the ETH transfers and price movements. The mention of BlackRock filing for an Ethereum ETF is seen as a positive development.

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You May Ask

What is the value of the ETH transferred by the Ethereum Foundation to the grant provider wallet?Which wallet received 75 ETH from the Ethereum Foundation?How much ETH did wallet 0x9eE transfer to a new multisig wallet?What was the initial response of Ethereum's price to BlackRock filing for an Ethereum ETF?

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