Foundation Wallet Outflows
In previous Ethereum bull markets, the Ethereum Foundation has sold large amounts of ETH around market peaks. This has been reflected in negative netflows for the Foundation’s wallets.
However, during the current bull market, the Foundation’s netflows have remained neutral despite the price increase. This suggests that the Foundation has not been selling ETH as aggressively as in the past.
Potential Implications
This could indicate that the current market peak has not yet been reached, or that the Foundation has changed its strategy.
Other News
The Ethereum Foundation’s official email was recently compromised. The organization is working to resolve the issue.
Ethereum Price
Ethereum has recovered to above $3,400 after falling below $3,300 yesterday.
