Ethereum (ETH) has experienced a significant drop in price, falling 53% from its December peak.
A transaction flagged by Lookonchain raised concerns of a possible liquidation risk for the Ethereum Foundation (EF).
Further analysis from Arkham Intelligence suggests that the wallet involved is most likely that of an early ETH investor rather than the Foundation itself.
At the moment, there is no official evidence linking the vault to the Ethereum Foundation, and rumors of an EF liquidation appear to be unfounded.