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**Ethereum Foundation Makes Another Major ETH Transfer**
In a recent announcement, the Ethereum Foundation (EF) has made another significant transfer of Ethereum (ETH) funds to expand its presence in the DeFi sector. This move comes after EF’s allocation of 50,000 ETH last month for similar purposes.
The recent transaction saw the EF transfer a substantial amount of ETH to an unknown wallet, further solidifying its commitment to participating in and supporting decentralized finance initiatives. The Ethereum community remains divided on the topic, with some praising the foundation’s efforts to diversify its portfolio while others express concerns about the potential risks involved.
It is worth noting that Vitalik Buterin, founder of Ethereum, has been actively engaging with the DeFi space by using decentralized exchanges himself and encouraging innovation within the ecosystem.
Source: u.today
