The Ethereum Foundation recently sold 100 Ethereum tokens worth $240,000.
Users suspect Vitalik Buterin may be selling off his ETH holdings.
Ethereum has been under bearish pressure since May 2024.
The Ethereum Foundation recently sold 100 ETH tokens worth $240,000 amid declining prices. An X user who reported the sale noted that the same address had sold 2,616 ETH on the chain in the past eight months, with a total value of $7.64 million and an average selling price of $2,921.
以太坊基金会 5 分钟前再次卖出 100 枚 $ETH ，价值 24 万美金
该地址过去八个月内已累计在链上卖出 2616 枚 ETH，总价值 764 万美金，平均卖出价格 $2921
钱包地址 https://t.co/d3TdPj1iHO https://t.co/xG1TNLBJON pic.twitter.com/aERczVOZa2
— Ai 姨 (@ai_9684xtpa) September 5, 2024
While the X user highlighted several previous transactions by the Ethereum Foundation involving significant ETH transfers, no reason was provided. This has fueled speculation within the crypto community about a potential selloff of Ethereum holdings by the Ethereum Foundation, possibly even implicating Ethereum co-founder Vitalik Buterin.
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The post Buterin Denies ETH Dumping as Foundation Cashes Out $240K appeared first on Coin Edition.
