Is 30,000 Etherum Foundations really at risk?

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Etherum (ETH), the second largest cryptocurstity of market capitalization, experienced the renewed downward pressure, in the middle of a wide decline in the market. After reaching the middle to December $ 4,107 and still below her November 2021. year, all the time of $ 4,868 slipped below $ 1,800, marking 53% drop from its december top. But while traders are purified to assess the depth of this current fall down, the new development development was currently stolen by reflectors.

Is it really an Etherum Foundation?

Transaction marked in analytics on LogonChain chain raised Alarms this week, suggesting alleged liquidation risk for Etherum Foundation (EF). Vidiconcain reported via X: “A wallet suspected that Etherum Foundation was deposited 30,098 ($ 56.08 million) before 5 hours. This wallet has 100,394 ETE (182 million ešes) and liquidation price is $ 1.122.06.”

The transaction strength – as reported, entered from $ 56.08 million to ETH deposits – widespread speculations of potential EF exposure. Data on the requests involved that 30,098 ETE (approximately $ 182 million) used to return Makerdao The neck with a liquidation threshold that floats about $ 1,127, a recent collision of a pivotal level.

Chinese Cripto News Outlet Vu Blockckain was among the first to circulate the story. However, soon after that, Vu Blocchain offered an explanation based on analytics from Arkham intelligence.

Updated analysis indicates that the wallet connection with Etherum Foundation may be excessive. The address, it seems, belongs to the early Estonac of the investor who communicated once EF’s official banknotes But since then, it has been managed independently. The deposit of 30,098 Eth was probably a strategic move on collateral shores and lower cost of liquidation of Makerdao Vauca during the fall on the market.

Vu Blockcain noticed via X: “Although 0x22 … 1246 Arkam has marked the chain addresses otherwise. While this address Received A 4M DAI transfer from the Etherum Foundation Eth Sale in May 2022, ITS Transaction Behavior and Initial Eth Funding Trace Back to Jonny.eth (0xB76), Indication that it is more likely an early Eth Investor Ratcher Than The Foundation Itself. This address has deposited 30,098 ETE in the Napredao Treasury, with an outstanding level of debt from 78,035,224.7182 DAI. “

Although liquidation costs remains 1,127-level that some observers believe that they can test if the market presses still – there are currently no official evidence connecting the vault to the Etherum Foundation. Accordingly, the liquidation of the EF is unfounded, given the clarifications, which Vu Blackchain is based on arkham.

At the time of pressure, ETI is traded for $ 1,925.

Featured image created with DALL.E, chart from TradingView.com

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