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

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.