Bitcoin and Altcoin Prices Fell Liquidation Risk Arises for Ethereum Foundation! Here are All Claims and Facts...

Bitcoin and altcoins are trying to recover after the sharp declines, leaving investors facing large-scale liquidations.

At this point, while a further decline is generally expected in the market, Ethereum Foundation is also facing liquidation risk.

Accordingly, the Ethereum Foundation is now facing a significant financial risk after locking a large amount of ETH in a MakerDAO vault.

According to Lookonchain's sharing, the Ethereum Foundation's deposit of 100.394 ETH is worth (182 million dollars), and the liquidation price is around 1,127.06 dollars.

Speculations about the liquidation risk of the ETH Foundation continue, while it is claimed that a wallet believed to be owned by the Ethereum Foundation deposited 30.098 ETH to hedge against a possible decline in ETH and increased the liquidation risk level.

However, two prominent Ethereum developers, eric.eth and sassal.eth, stated in a post on X that the address depositing 30.098 ETH to Maker is not the Ethereum Foundation address.

Later, Chinese cryptocurrency journalist Wu Blockchain clarified the incident in his statement. He said that the address facing liquidation risk is more likely to belong to an early ETH investor rather than the Ethereum Foundation.

This address, while receiving a 4M DAI transfer from the Ethereum Foundation's ETH Sale in May 2022, extends its transaction behavior and initial ETH funding to jonny.eth up to (0xb76), indicating a higher likelihood of being an early Ethereum investor than from the Foundation itself.