Ethereum Foundation Launches Advisory Group to Foster Ecosystem Growth

The Ethereum Foundation has launched an informal advisory group, the EF Silviculture Society, to provide guidance on the development and growth of the Ethereum ecosystem. The group, which consists of industry experts and community members, aims to foster collaboration and innovation in the Ethereum community.

The launch of the EF Silviculture Society comes at a time when the Ethereum network is experiencing significant growth and development. The network has seen an increase in the number of active wallets and transactions, as well as a rise in the value of Ether (ETH), the native cryptocurrency of the Ethereum network.

In recent weeks, there have been several notable transactions involving large amounts of ETH. For example, five wallets that had been dormant for 2.5 years transferred a total of 5,842 ETH to the OKX exchange, potentially realizing a profit of $2.33 million. Additionally, a whale that had accumulated 1,815 ETH two years ago completed its exit by selling off 2,375 ETH.

Meanwhile, some whales have been increasing their holdings of other cryptocurrencies. One whale has increased its holdings of TRUMP tokens by 227,600, with an average purchase price of $11.66. Mirana Ventures has also been actively building a position in ETH, averaging a price of $2,134 to acquire 21,667 ETH, totaling $46.25 million.

The Ethereum Foundation's launch of the EF Silviculture Society is a positive development for the Ethereum ecosystem. The group's expertise and guidance will be invaluable in helping the network grow and thrive. As the Ethereum network continues to evolve, it will be important to monitor the activities of whales and other large investors, as their actions can have a significant impact on the market.