{"id":29545,"date":"2023-10-09T13:58:57","date_gmt":"2023-10-09T13:58:57","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2023\/10\/09\/ethereum-foundation-swaps-ether-worth-2-7-million-eth-dips\/"},"modified":"2023-10-09T13:58:58","modified_gmt":"2023-10-09T13:58:58","slug":"ethereum-foundation-swaps-ether-worth-2-7-million-eth-dips","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2023\/10\/09\/ethereum-foundation-swaps-ether-worth-2-7-million-eth-dips\/","title":{"rendered":"Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696852223584-8ac3ea7e-8b1e-44f9-a6f2-f7ef847066b9-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696852223584-8ac3ea7e-8b1e-44f9-a6f2-f7ef847066b9-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696852223584-8ac3ea7e-8b1e-44f9-a6f2-f7ef847066b9-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/1696852223584-8ac3ea7e-8b1e-44f9-a6f2-f7ef847066b9-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/10\/1696852223584-8ac3ea7e-8b1e-44f9-a6f2-f7ef847066b9.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>The swap was achieved on Uniswap.<\/li>\n<li>Ethereum (ETH) had dropped 1.64% on the time of writing to commerce at $1,593.66.<\/li>\n<li>Ethereum Foundation\u2019s important holdings of Ether affect market dynamics regardless of its decentralized nature.<\/li>\n<\/ul>\n<p>The Ethereum Foundation, a key participant within the improvement and ecosystem of the <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum network<\/a>, bought a portion of its allotted Ether (ETH) tokens. A pockets recognized as \u201c0x9eE457023bB3De16D51A003a247BaEaD7fce313D,\u201d labelled as a <a href=\"https:\/\/etherscan.io\/address\/0x9ee457023bb3de16d51a003a247baead7fce313d\">\u201cGrant Provider\u201d<\/a> on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the <a href=\"https:\/\/coinjournal.net\/uniswap\/what-is-uniswap\/\">Uniswap decentralized exchange<\/a>.<\/p>\n<h2>Market response and impression<\/h2>\n<p>The sale of ETH tokens by the Ethereum Foundation triggered a response within the cryptocurrency market.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ether\u2019s price<\/a> dipped by roughly 1.5% inside a couple of hours, and over the next 24-hour interval, the drop prolonged to 1.8%. This occasion led to a brief droop within the worth of Ether and affected different main tokens as effectively.<\/p>\n<h2>Ethereum Foundation\u2019s holdings<\/h2>\n<p>As of April 2022, the Ethereum Foundation held a considerable quantity of ETH, valued at almost $1.29 billion, representing roughly 0.297% of the overall Ether provide at the moment. Additionally, the muse had roughly $300 million in non-crypto investments.<\/p>\n<p>While the Ethereum Foundation doesn&#8217;t govern the Ethereum blockchain, its actions can considerably affect token costs and impression investor and developer sentiment inside the Ethereum ecosystem.<\/p>\n<p>The Ethereum Foundation performs an important position in funding and supporting the event of purposes and packages on the Ethereum community. While it isn&#8217;t a centralized authority, its actions are carefully watched by the crypto neighborhood as a result of its historic significance and impression on the Ethereum ecosystem.<\/p>\n<p>This current sale is a part of the Ethereum Foundation\u2019s periodic token gross sales to cowl operational prices and assist ongoing improvement efforts.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ethereum-foundation-swaps-ether-worth-2-7-million-eth-dips\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The swap was achieved on Uniswap. Ethereum (ETH) had dropped 1.64% on the time of writing to commerce at $1,593.66. Ethereum Foundation\u2019s important holdings of Ether affect market dynamics regardless of its decentralized nature. The Ethereum Foundation, a key participant within the improvement and ecosystem of the Ethereum network, bought a portion of its allotted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1241,288,1168,108,607,84,5532,587],"class_list":{"0":"post-29545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-dips","9":"tag-eth","10":"tag-ether","11":"tag-ethereum","12":"tag-foundation","13":"tag-million","14":"tag-swaps","15":"tag-worth"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/29545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=29545"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/29545\/revisions"}],"predecessor-version":[{"id":29546,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/29545\/revisions\/29546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/29547"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=29545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=29545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=29545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}