👀 Ethereum Foundation on the Move (Again)
The Ethereum Foundation just transferred 1,000 $ETH ($2.51M) — marking its 21st outflow since April, totaling over $52.8M.
Despite this, the Foundation still holds 196.77K ETH (~$495M) in reserves.
🔍 What it might mean:
Possible funding for ecosystem development
Strategic selloffs to support operations or hedge risk
Some traders see these outflows as short-term sell pressure, while others shrug it off as routine treasury management
⚖️ Keep an eye on this — Foundation moves often align with key ETH market turning points.