tldrdaily.news logo

Ethereum (ETH) Experiences Volatility Amidst Foundation Selloff and NFT Trading Surge.

1 min read
Source: BeInCrypto
Ethereum (ETH) Experiences Volatility Amidst Foundation Selloff and NFT Trading Surge.
Photo: BeInCrypto
TL;DR Summary

The Ethereum Foundation has transferred 15,000 ETH to a Kraken deposit address, fueling speculation of a potential price dip. Previous large-scale ETH selloffs by the foundation have been connected to market downturns. However, there are still bullish indicators for ETH, including a reduction in ETH supply on exchanges, an increase in whale accumulation, and an increase in ETH staked since the Shapella upgrade. The foundation has costs to cover, including paying developers and investing in the wider crypto ecosystem. Readers are advised to verify facts independently before making any decisions based on this content.

Topics:business#cryptocurrency#eth-price#ethereum#ethereum-foundation#selloff#vitalik-buterin
Share this article
  1. Ethereum (ETH) Faces Correction on Foundation Selloff  BeInCrypto
  2. Vitalik Buterin and ETH Foundation Sell $30 Million in Ethereum As ETH About to Break $2,000  U.Today
  3. Mysterious Crypto Whale Moves Massive $505 Million in Ethereum ($ETH)  CryptoGlobe
  4. Ethereum had over US$635 mln in NFT wash trades in April, CryptoSlam reveals  Forkast News
  5. Ethereum (ETH) Diamond Hands Set New Record as ETH Price Reconquers $2,000  U.Today

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

85%

624 → 94 words

Want the full story? Read the original article

Read on BeInCrypto