According to PANews, Arkham monitoring has shown that a suspected Ethereum Foundation address has recently converted 100 ETH into 34.39 thousand DAI through the Cow Protocol. Spot On Chain reports that since January 2024, the Ethereum Foundation has sold 2266 ETH, obtaining DAI worth 6.56 million USD in return.
It has been noted that since the beginning of this year, this suspected Ethereum Foundation address has been selling ETH for DAI almost every week or every other week through the Cow Protocol. The quantities typically sold are 50, 100, and 200 ETH.