Ethereum Foundation Deposits 30,098 ETH to Maker to Reduce Liquidation Price: A $56 Million Move

ETH

ETH/USDT

$2,401.81

-4.06%

$2,401.81

-4.06%

(24s)

24h Volume

$19,328,906,431.67

24h H/L

$2,503.58 / $2,358.88

Change: $144.70 (6.13%)

Long/Short

66.7%

Long: 66.7%Short: 33.3%

Funding Rate

+0.0016%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,405.23

▲ 0.29%

Volume (24h): -

Resistance Levels

Resistance 3$2,598.93

Resistance 2$2,531.37

Resistance 1$2,422.37

Price$2,405.23

Support 1$2,354.69

Support 2$2,263.27

Support 3$2,194.82

Pivot (PP):$2,425.71

Trend:Uptrend

RSI (14):50.9

According to recent reports from COINOTAG News dated March 11th, a significant transaction was noted involving a wallet presumed to be associated with the Ethereum Foundation. This wallet executed a deposit of 30,098 ETH into Maker, valued at approximately $56.08 million, aimed at mitigating its liquidation price. Currently, the wallet’s holdings in Maker reflect a total of 100,394 ETH, representing an estimated worth of $182 million, with a liquidation price set at $1,127.06. Such strategic movements are essential for ensuring liquidity and stability in volatile market conditions, particularly within decentralized finance (DeFi) platforms.