V God is really short of money. He sold at high prices several times, and ETH also fell accordingly.
A few days ago, the Ethereum Foundation deposited a large amount of Ethereum (ETH) to the cryptocurrency trading platform Kraken, with a total of 35,000 Ethereum, which was worth about $94 million at the time. However, from then to now, the price of ETH has fallen by almost 9%, from $2,688 per coin to $2,450. This makes people think that the Ethereum Foundation may have sold some ETH at a high price again.
In fact, since the beginning of this year, they have sold a lot of ETH, a total of 239,000 ETH, earning more than $650 million. In short, the Ethereum Foundation seems to be using the market highs to cash out, and the price of ETH subsequently fell.
And some people are just stubborn. When they see the news, they still think that it’s just a little bit and it can’t make any waves. This giant whale throws millions of dollars and doesn’t make any splashes. Wait a minute!
But you ignore the market. History tells us that every time the Ethereum Foundation sells, there will be a big drop in the market! Be honest this time!
