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Ethereum Foundation's Main Wallet Down to About $650M, Top Official Says

As recently as March 2022 – when the price of Ethereum's native cryptocurrency, ether (ETH), was higher – the foundation's treasury held about $1.3 billion of ETH.

By Margaux Nijkerk|Edited by Bradley Keoun

Updated Sep 6, 2024, 4:32 p.m. Published Sep 6, 2024, 4:31 p.m.

Screenshot from Justin Drake appearance at the Ethereum conference Devcoin in 2022. (Devcon/YouTube)