Data from Crypto News Hunter revealed that the Foundation is currently sitting at the fourth position in the largest wallet ranking. The Foundation has fallen below Bitmine Immersion Tech, SharpLink Gaming, and The Ether Machine.
By the end of July, the Ethereum Foundation boasted of 234,000 ETH in its treasury reserve, falling off the top 3 list of holders. Meanwhile, Bitmine Immersion Technologies, SharpLink, and The Ether Machine collectively purchased an astounding 416,000 ETH last week alone.
Bitmine Immersion continues to lead the charge with over 625,000 ETH in its treasury reserve. Meanwhile, SharpLink Gaming and The Ether Machine rank second and third, with 438,200 ETH and 334,800 ETH in their reserve, respectively.
At the time of writing, ETH was trading at $3,629, demonstrating a decline of over 6% in the last 24 hours. While prices have declined, its trading volume is showing a modest increase of about 8% within the same time frame.
