To me, the operation of the $ETH Foundation looks like moving a safe! Internally transferred 1000 ETH, 2.4 million USD to a new address, and now this address holds 7000 ETH, 17 million USD! If this money suddenly floods the market, it could really crash the coin price!
But don't panic! This move by the foundation feels more like transferring from the left pocket to the right pocket, possibly to diversify risk or to establish new layouts. However, we retail investors should stay alert; if one day this address starts transferring coins out in a frenzy, that would be a real signal to crash the market! Given the current situation, it can at most be seen as the landlord simply changing their piggy bank; don't rush to follow the trend and crash the market, and don't chase the highs. On-chain data will speak, but don’t let short-term fluctuations dictate your actions; focus on the long-term trend instead!
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