Ethereum Foundation Sells $2.7M in ETH, Sparking Minor Price Drop and Questions About Its Influence

Ether prices slipped 1.5% as traders reacted to Ethereum Foundation wallet selling $2.7M ETH for USDC
The wallet that sold the ETH is tagged as a "Grant Provider" and held nearly $400k worth as of Monday
Ethereum Foundation develops apps/programs but isn't a centralized entity controlling the chain
As of April 2022, the Foundation held over $1.29B in ETH, 0.297% of supply, and $300M in investments
The Foundation remains influential and can impact ETH prices or outlook among investors/developers