CandleFocus ETH slips below $2k, traders spooked by liquidation rumors
2025-03-11
Author: Content Editor
There are rumors circulating on social media that the Ethereum Foundation could face a $100 million liquidation if the price of Ethereum falls to $1,100. Traders are speculating on the potential impact of this liquidation on the market. However, the Ethereum Foundation and its co-founders have not directly addressed these rumors. The price of Ethereum has been on a downward trend, falling below the $2,000 threshold and currently trading at $1,889. Speculation surrounding a possible liquidation was fueled by a large ETH deposit into a Maker vault suspected to belong to the Ethereum Foundation, but it has been denied by Ethereum developers. The initial funding for the wallet was traced back to an early Ethereum investor rather than the Ethereum Foundation itself.
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