Why the market crashed.
Ethereum Foundation has transferred more than 15,000 ETH to exchanges
More than 15,000 ETH has been withdrawn from three Ethereum Foundation wallets.
All transactions were completed in the last seven days.
According to Spot on Chain, such large fund transfers have always preceded a drop in the price of an asset.
Over the past week, three addresses associated with Ethereum Foundation have made a number of asset transactions. Two wallets sold 200 ETH for 744,722 DAI at an average price of $3724 per 1 ETH.