Ethereum Foundation Sparks Sale Rumor With $654 Million Transfer

The Ethereum Foundation recently transferred $654 million worth of ETH to a wallet historically used for selling assets, according to on-chain analysis by Arkham Intelligence. This large transfer has spurred community speculation about a potential major sale, especially following smaller recent sales used to fund DeFi projects. One prominent theory suggests the funds might be used to compensate veteran developers who felt severely underpaid, following the recent resignation of Geth developer Péter Szilágyi over compensation issues. While a Foundation Co-Executive Director acknowledged that veteran builders were underpaid, the article stresses that the intended use of the $654 million remains speculative, though any large sale could impact ETH markets.

(Source：BeInCrypto)