Ethereum Foundation Allocates $32.65 Million Amid ETH Price Surge
- The Ethereum Foundation allocated $32.65 million in Q1 2025 to boost projects and innovation.
- Funding focuses on community, education, consensus layer development, zero-knowledge proof technology, developer tools, and the execution layer.
- ETH price rose by 7.58%, reaching $1,971 following the Pectra upgrade.
- ETH futures open interest increased by 11% to $23.72 billion.
- 24-hour liquidations exceeded $108 million, with over $88 million in short liquidations.
The Ethereum Foundation’s significant funding allocation coincides with a notable ETH price increase and heightened activity in the derivatives market following the Pectra upgrade.
Source (2.6)https://coingape.com/ethereum-foundation-reveals-32-million-funding-eth-price-surge-to-2200-soon/?rand=24432
