After further declines in the cryptocurrency market yesterday, the on-chain data monitoring team Lookonchain tweeted that since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has fallen by 17%, marking another successful exit at the peak for the Ethereum Foundation.
The Federal Reserve announced a 25 basis point rate cut on the 19th of this week and is expected to slow down the pace of rate cuts next year. As a result, the cryptocurrency market has been severely hit in the past two days. Bitcoin fell to a low of $92,268 yesterday (20th), with a daily decline of 6.78%; Ethereum's decline was even greater, reaching 10.4%, hitting a low of $3,100, effectively wiping out nearly a month's worth of gains.
Ethereum trend. Source: OKX Spot
The Ethereum Foundation is indeed a master at exiting at the peak.
It is worth mentioning that after further declines in the market yesterday, the on-chain data monitoring team Lookonchain tweeted that since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has fallen by 17%, marking another successful exit at the peak for the Ethereum Foundation.
In addition, over the past year, the Ethereum Foundation has sold a total of 4,466 ETH (approximately $12.6 million) through 32 transactions, of which 15 (marked in red in the image) were sold at price peaks, joked by the community as the true master of exiting at the peak.
Trump's cryptocurrency project WLFI's Ethereum holdings have lost over $5 million.
Additionally, according to on-chain data analyst Ai Yi's monitoring, the related cryptocurrency project WLFI under newly elected U.S. President Trump has been continuously buying various cryptocurrencies recently, with ETH becoming its largest holding token. However, with the market decline, the project's ETH holdings have shown a loss of $2.1 million.
Seeing Trump's World Liberty team losing $2.1 million on their ETH investments might make holders feel a bit better.
Ethereum is currently the largest holding asset of the World Liberty address, with a total of 15,597 ETH, valued at approximately $53.46 million, of which:
8,827 ETH were actively bought at a cost of about $3,678, currently showing a loss of $2.098 million.
The remaining 6,770 ETH were obtained from the WLFI public offering, temporarily disregarded.
Four hours ago, the WLFI address added 722.213 ETH at an average price of $3,461.
