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ETH has decreased more than 8 % as merchants fell from rumors on social media, saying that Ethereum will decrease when the price decreases to $ 1100.
Rumors were taking place between encryption traders on social media X.With a lot of speculation that the Ethereum Foundation may face a filter of up to $ 100 million if the price of ETAREM (EthIt falls and strikes 1100 dollars.
“If Ethereum is liquidated at $ 1100 to the bottom of the United States for the course, it will definitely end the simulation,” said one X.
One of the traders at X.
At the time of the press, the ETHEREUM Foundation and its founders addressed the liquidation rumors of $ 100 million directly. However, the distinctive symbol was in a declining direction. Last week, ETH decreased by approximately 10 % last week and 28 % last month.
according to Data From Crypto.News, ETH decreased below 2000 dollars. More than 8 % decreased and hands are trading at $ 1,889. Yesterday, March 10, the matter fell to up to $ 1791. The last time ETH fell to less than $ 2000 was in late 2013.
What sparked rumors of ETH liquidation?
Most of the trading speculation surrounding the liquidation of the possible ETHEREUM Foundation has spread due to the deposit of 30,098 ETH in the Maker’s cellar by a wallet suspected of belonging to the ETHEREUM Foundation. Many saw this as a sign that EF was preparing to liquidate its holdings. However, Ethereum Eric.ETH and Sssal.ETH developers have to reject The wallet address deposits 30,098 ETH to an ethereum maker.
The Vauult Maker is a smart contract used in the Makerdao ecosuction on Ethereum that allows users to create and manage guaranteed debt parking. The wallet currently has 100,394.447 ETH as a guarantee, with a debt of 78,035,224.7182 Dai and the price of $ 1,127,065.
Although the wallet was initially placed by Arkham intelligence Due to the presence of relationships with ETHEREUM, the data on the series shows that the initial financing of the wallet can be tracked to a merchant called Jonny.ETH, an early Ethereum investor instead of EF himself.
One of the possible causes that were marked as an EF wallet is the fact that it has received 4 million Dai from selling ETHEREUM Foundation ETH in May 2022.
