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

ETH

ETH/USDT

$2,356.43

+8.28%

$2,356.43

+8.28%

(24s)

24h Volume

$31,047,650,067.90

24h H/L

$2,386.02 / $2,174.06

Change: $211.96 (9.75%)

Long/Short

47.6%

Long: 47.6%Short: 52.4%

Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,358.66

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$2,596.37

Resistance 2$2,476.96

Resistance 1$2,396.40

Price$2,358.66

Support 1$2,355.74

Support 2$2,233.72

Support 3$2,109.13

Pivot (PP):$2,358.51

Trend:Sideways

RSI (14):66.9

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.

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