ETH Price Skyrockets as Ethereum Foundation Initiates Sell-off

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Ethereum's soaring price clashes with Ethereum Foundation's puzzling decision to convert ETH into stablecoins

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The rationale behind this decision remains subject to conjecture, with speculation centering on operational exigencies. This strategic maneuver potentially aligns with past instances in which Ethereum cofounder The market's response to this insider activity amid ETH's bullish ascent becomes a focal point of interest. Observers can now better closely monitor whether such measures will persist amid the ongoing uptrend of the major altcoin's price.

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