Ethereum Foundation made a big move again on Tuesday, selling ETH once more, which shook the market significantly!
This time they sold 100 ETH for over 300,000 DAI. As soon as the news broke, everyone started to feel anxious.
It's important to note that this isn't the first time they've done this; it was only a month ago that they last sold off! Now they're doing it again!
Everyone is worried that this foundation plans to keep selling like this, which could severely impact the price of Ethereum.
Furthermore, according to data, they have already sold over 4,000 Ethereum this year, making over 12 million dollars!
They still hold over 900 million dollars in assets, most of which are Ethereum, which raises even more concerns. If they happen to be in a bad mood one day and decide to sell again, wouldn't the price of Ethereum plummet to rock bottom?
Looking at the current price of Ethereum, it has dropped nearly 3% today, at 3,752 dollars each. This trend is almost in sync with the foundation's sell-off.
Although the increase over the past month and week has been decent, rising 4% and 17% respectively, everyone is worried that this is just a brief rebound and that a decline is imminent.
Right now, there's a lot of anxiety, with everyone watching the price of Ethereum to see if there will be more astonishing changes ahead.
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