Ethereum Foundation Sells 100 $ETH ($334k) Again After 2024 Report Release
This is the first $ETH sale since the Ethereum Foundation released its 2024 report on November 8, showing a reserve of $970.2 million as of October 31, with $788.7 million in crypto (99.45% of it being $ETH).
The Ethereum Foundation plans to sell ETH regularly to fund critical projects and maintain reserves.
So far in 2024, they have sold 4,266 ETH for $11.83 million at an average sale price of $2,773.
Currently, the Ethereum Foundation's wallet still has more than 272,000 $ETH ($859 million)