🔔 The Ethereum Foundation transferred 𝟮,𝟰𝟲𝟵 𝘀𝘁𝗘𝗧𝗛 ($4.34M) to Argot, a non-profit ETH dev org, as part of a 5-year grant program. Last July, Argot received 7,000 ETH and sold 4,826.6 ETH at an average price of $3,194, converting to $15.4M USDC. This is year 4 funding — the final tranche of 2,469 stETH is scheduled for July 2026. Wallet: https://arkm.com/explorer/address/0x9c590671b53AE86dCb300CC91886fdA49B338AB4 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The key signal isn't the grant itself — it's Argot's historical pattern of converting ETH to stablecoins. If they follow the same playbook, this represents potential future selling pressure of ~2,469 ETH. For ETH traders, this is a known overhang with a clear timeline, not an immediate catalyst. source: EmberCN Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1190(Hupzy (Spot On Chain))