Summary
- The Ethereum Foundation has reportedly transferred 50,000 ETH to a DeFi investment wallet.
- It is worth noting which DeFi platform they will deposit the Ethereum into.
- The token price of the selected DeFi platform is likely to benefit in the short term.
The Ethereum Foundation has transferred 50,000 ETH to its DeFi (Decentralized Finance) investment wallet.
On the 9th, on-chain analyst EmberCN reported on X (formerly Twitter) that "the Ethereum Foundation transferred 50,000 Ethereum (approximately 191.9 billion KRW) to its DeFi wallet around 7 AM (Korean time) today."
EmberCN added, "It is worth noting which DeFi platform they will deposit the Ethereum into," and "The token price of the selected platform is likely to benefit in the short term."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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