#Ethereum Foundation dumps 100 #ETH amid latest downturn
The Ethereum Foundation has completed its first Ethereum sale of the year amid a challenging market environment.
On January 8, the non-profit exchanged 100 ETH for 329,463 DAI.
The foundation still holds over $889 million worth of ETH despite these current sales.
SpotOnChain data reveals an interesting pattern in the foundation's ETH sales. In 2024, the organization sold 4,466 ETH for $12.61 million, reaching an average price of $2,823 per unit. Notably, these sales often occurred before major market crashes.
This latest sale also coincides with a sharp drop in Ethereum's value. In the last 24 hours, the price of the digital asset fell by more than 12%.