Ethereum Foundation-linked wallet sells ETH as ETH lags
On-chain data shows an EF-linked wallet sold 1,000 ETH after a two-week pause, while commentators debate the Foundation's relevance.
What we know
An on-chain analyst reports a wallet linked to the Ethereum Foundation sold 1,000 ETH ($2.13M), with ETH down 7.7% since the prior sale. Fundstrat's Tom Lee argues ETH's weakness reflects market impatience despite progress on tokenization. One commentator says the EF is less relevant to Ethereum's future than before.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.