Ethereum Foundation Offloads Large Amounts of ETH: Market Speculation Ignites

An Ethereum Foundation-linked wallet, identified as 0xF39d, has sold substantial amounts of Ether over the past three days, raising questions about the motivations and potential market impact. In a series of transactions totaling $28.36 million, this wallet offloaded approximately 6,194 ETH at an average price of $4,578 per token. These sales have sparked speculation within the crypto community regarding the timing and rationale behind such large-scale divestments.