The Ethereum Foundation made a big move on Tuesday, selling ETH again, which shook the market quite a bit!
This time they sold 100 ETH for over 300,000 DAI, and when this news broke, everyone started to feel anxious.
You should know, this isn't the first time they've done this; it's only been a month since their last sale, and now they're at it again!
Everyone is worried that the foundation plans to keep selling like this, which could really hurt the price of Ethereum.
Moreover, according to the data, they have already sold over 4,000 Ethereum this year, making over 12 million dollars!
They still hold over 900 million dollars in assets, most of which are Ethereum, which makes everyone even more worried. What if they feel bad one day and sell off more? The price of Ethereum could drop to rock bottom!
Looking at the current price of Ethereum, it has dropped nearly 3% today, at 3,752 dollars each. This trend is almost synchronized with the foundation's sell-off.
Although the gains over the past month and week have been decent, increasing by 4% and 17% respectively, everyone fears this is just a brief rebound before the next drop.
People are anxious right now, all eyes are on the price of Ethereum to see if there will be any more shocking changes ahead.
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