🚀🚀Ethereum Foundation Sells ETH Again: Is It a Signal That the Price Will Fall? 🚀🚀
According to the announcement made by the on-chain analysis platform Spot On Chain from the X account, the Ethereum Foundation recently sold 150 ETH for 467,260 Dai (DAI).
The Ethereum Foundation, which held its previous sale on July 23, sold 100 ETH worth 345,179 DAI. As of 2024, the Ethereum Foundation has sold a total of 2,516 ETH and obtained 7.4 million DAI from these sales at an average price of $2,940. 250 ETH of these transactions took place in the last 8 days, and this amount corresponds to approximately 826 thousand dollars.
After the last few sell-offs, there has been a noticeable decline in the Ethereum price. It was noted that the ETH price experienced minor declines, especially after the last four sales transactions.
Additionally, a whale linked to Ethereum Foundation wallets attracted attention last week by moving approximately 92,500 ETH to a new address after 7 years of inactivity. The total value of these ETHs is calculated as approximately 290 million dollars.
At the time of writing, Ethereum's transaction price was at $3,309.
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