Ethereum Foundation’s Sell-Off Continues
According to Spot On Chain analysts, the Ethereum Foundation is consistently selling off large quantities of Ethereum.
The entity has recently sold another 300 ETH for 763,092 stable DAI coins, which amounts to approximately $707,330 in fiat currency.
This sale is not an isolated case; earlier this month, on September 9, the foundation sold 100 ETH for 226,868 DAI, worth about $235,780.
READ MORE:
BREAKING: MicroStrategy Raises $1 Billion to Buy More BitcoinOver the past three weeks, the foundation has sold a total of 650 ETH at an average price of $2,323, which amounts to about $1.51 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum hits $3.2K, surpassing Bank of America market cap
Dogecoin Price Could Break Descending Triangle and Spark Violent Rally for DOGE and RCOF
Will Solana Replace Ethereum? Insider Reveals Shocking Predictions