The Ethereum Foundation recently stirred the crypto markets by committing to liquidate a chunk of their Ethereum holdings worth an estimated $2.74 million. Moreover, their sought after decision to transfer the proceeds from the sale into USDC displays their wish to secure value in the marketplace despite the ever wavering market conditions. Despite their ongoing operations still being funded from other assets, this move could be constituted as an endorsemnt of the bearish sentiments expressed by some for the Ethereum market, given its current price at $1,587 (2.76% lower than 24 hours prior). Although the full utilization of their acquired sum is yet unearthed, this vast sell of Ethereum could reflect their excellent initiative to prioritize the well-being of their foundation and invest in the safety of their rising capital.
