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**Sudden New ETH Shuffle by Ethereum Foundation Raises Big Question**
In a surprising move, the Ethereum Foundation has transferred 1,000 ETH worth approximately $3.15 million to a lesser-known address labeled “EF 2.” This development comes as Ethereum’s price continues its upward trajectory, surpassing the $3,150 mark. With an increasing number of corporate entities entering the scene, this internal transfer sparks several questions and speculations about the foundation’s intentions for the future.
The unprecedented movement, which has now placed a total of 7,000 ETH valued at roughly $22 million in the EF 2 wallet, raises concerns regarding potential deployments, grants, or liquidity planning. This sudden shuffle is taking place amidst growing attention on wallet behavior and its impact on the Ethereum ecosystem.
Furthermore, it has been observed that internal transfers between foundation-controlled wallets are not unusual. However, considering the current market conditions and recent developments within the Ethereum network, this move is particularly intriguing. The data reveals that SharpLink, a public company with Ethereum co-founder Joe Lubin on its board, now holds more ETH than the foundation itself.
As Ethereum’s ecosystem undergoes significant transformations, such as the introduction of Pectra Upgrade, the sudden shift in the foundation’s assets allocation raises important questions regarding the future direction and priorities.
Source: u.today
