Ethereum

2024

Taiko

Arkham

Foundation

Ethereum Foundation transferred all of the TKO tokens it received to Bitcoin Suisse, a top cryptocurrency service provider.
According to Arkham data, the Ethereum Foundation sent 3.484 million TKO worth $9.16 million to Bitcoin Suisse's hot wallet.
<img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-149404" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/07/Ekran-goruntusu-2024-07-29-174707.png" alt="" width="1267" height="345">
This unexpected transfer, involving tokens worth millions of dollars, comes on the heels of Taiko's successful launch.
This transfer also comes a few weeks after the Ethereum Foundation acquired the token from Taiko Maint on June 28.
Ethereum co-founder Vitalik Buterin had previously praised the launch of Taiko and highlighted its potential impact on the Ethereum ecosystem. In a message on Taiko's first genesis blog, Buterin stated that Taiko is a promising project and emphasized the importance of various Layer 2 solutions for Ethereum's growth.
Taiko made a strong debut after its ICO on June 6, 2024 and is currently trading at $2.49. After this transaction by the Ethereum Foundation, the price started to decline.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-foundation-abandoned-this-altcoin-entirely-price-reacted/" rel="noopener noreferrer nofollow">Ethereum Foundation Abandoned This Altcoin Entirely! Price Reacted!</a>

Ethereum Foundation Abandoned This Altcoin Entirely! Price Reacted!

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