🚨 Ethereum Foundation Denies Whale Wallet Link 🚨
The Ethereum Foundation has officially confirmed that it is not connected to the wallet that sold 2,794 ETH yesterday.
The large sale, worth millions, was executed by a well-known whale wallet that often sells during ETH price rallies. Despite the sell-off, Ethereum’s market reaction remained relatively stable — a sign of strong liquidity, resilient investor sentiment, and increasing institutional participation.
Analysts note that such whale activity is losing its ability to significantly impact price, as ETF inflows, staking growth, and Layer 2 adoption continue to strengthen Ethereum’s market structure.
