The Ethereum Foundation has transferred $654 million worth of ETH to a wallet known for facilitating sales, according to BeInCrypto. This significant movement has led to speculation about the Foundation's intentions, as the wallet has previously been used to send large amounts to exchanges like Kraken and gaming firm SharpLink. While the Foundation has conducted smaller ETH sales recently, this transfer is notably larger. Some analysts suggest the funds might be used to address compensation issues for veteran developers, including Péter Szilágyi, who recently resigned over low pay. Although a Foundation executive acknowledged the underpayment of veteran builders, no confirmation was provided regarding the purpose of the transfer. The transaction has not yet affected ETH's market price, but traders are closely watching for any potential impact.
Ethereum Foundation Moves $654M ETH to Sales-Linked Wallet
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