๐ฐ ๐ฌ๐๐๐๐๐๐๐ ๐ญ๐๐๐๐ ๐๐๐๐๐ ๐บ๐๐๐๐ 100 ๐ฌ๐ป๐ฏ ๐พ๐๐๐๐ $420๐ฒ! ๐ฆ
The Ethereum Foundation has recently sold 100 $ETH equivalent to approximately $420,470, adding to its series of sell-offs this year. This transaction contributes to a total of 4,466 ETH sold in 2024, amounting to about $12.62 million.
Ethereum co-founder Vitalik Buterin has previously stated that such sales are conducted to fund public projects and maintain the foundation's reserves. Despite these explanations, the frequency of these sales has raised concerns within the crypto community about potential impacts on ETH's market price.
Notably, this recent sale occurred shortly before the anticipated listing of a spot Ethereum ETF, leading to speculation about its timing and potential market implications.
What are your thoughts on the Ethereum Foundation's strategy of selling ETH? Do you believe it affects the market positively or negatively? Share your opinions below! ๐ฌ
๐๐ผ๐ฟ ๐ฑ๐ฎ๐ถ๐น๐ ๐ฎ๐๐๐ต๐ฒ๐ป๐๐ถ๐ฐ ๐ป๐ฒ๐๐ ๐๐ฝ๐ฑ๐ฎ๐๐ฒ๐, ๐ณ๐ผ๐น๐น๐ผ๐, ๐น๐ถ๐ธ๐ฒ, ๐ฎ๐ป๐ฑ ๐๐ต๐ฎ๐ฟ๐ฒ! ๐ง๐ต๐ฎ๐ป๐ธ๐ ๐ณ๐ผ๐ฟ ๐ฟ๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด, ๐ฎ๐ป๐ฑ ๐๐๐ฎ๐ ๐๐๐ป๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐๐ฝ๐ฑ๐ฎ๐๐ฒ๐ ๐ฎ๐ป๐ฑ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐.
Source: Coinpedia, CryptoNews, Ethereum Foundation Blog
