In the past week, there's been notable activity from three wallets associated with the Ethereum Foundation, involving the sale of Ethereum (ETH):
1️⃣ Two of Ethereum Foundation's primary wallets executed a transaction selling 200 ETH for 744,722 DAI, approximately at $3,724 per ETH. This move aligns with a trend observed since the beginning of 2024, where these wallets have consistently sold off ETH before price declines, amounting to 2,166 ETH exchanged for 6.21 million DAI.
2️⃣ Wallet address 0xdb3 initiated a deposit of 15,255 ETH (equivalent to $55.6 million) to Kraken, executed around three days ago at an average rate of $3,648 per ETH.
Interestingly, the source of funds for this wallet traces back to an Ethereum Foundation wallet and an Ethereum ICO participant.
Wallet Address Associated with the Transactions:
0xd779332c5A52566Dada11A075a735b18DAa6c1f4
0xdb39644409d139842679a2993cb8a545c2fd1fac
