Ethereum Foundation Sells 100 ETH for DAI Ahead of ETF Launch!

The Ethereum Foundation recently executed a significant transaction, selling 100 ETH for 338,443 DAI. This sale occurred through a middle wallet just hours before the launch of Ethereum ETFs.

Transaction Details:

Sold: 100 ETH

Received: 338,443 DAI

Middle Wallet: 0xd779332c5a52566dada11a075a735b18daa6c1f4

Main Wallet: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3

Transaction Hash: 0xa2adb7a68aa2eb30c1fc6f9b96a54f243ac2d85999d88c80e2790edbda33e43a

This move is notable as the sale came just hours before the expected launch of Ethereum ETFs.

Ethereum Foundation's 2024 Activity:

Total ETH Sold: 2,366 ETH

Total DAI Received: 6.9M DAI

Average Sale Price: $2,916 per ETH

Last Sale: 21 days ago, on July 2, 2024

Additionally, another wallet linked to the Ethereum Foundation or its ICO has moved a substantial amount of ETH:

Moved: 3,200 ETH ($11.2M)

To: Kraken

Time: 19 hours ago

Wallet Address: 0xdb3

These transactions indicate significant activity by the Ethereum Foundation and related entities in anticipation of market events.