The Ethereum Foundation and co-founder Vitalik Buterin sold a combined 749 ETH ($1.98 million) in the past 24 hours as their liquidation spree intensified.

According to on-chain data sourced by Lookonchain, the Ethereum Foundation liquidated 100 ETH today, valued at $262,474. The transaction, which happened at 9:41 AM (UTC), saw the address tied to the firm sell ETH for DAI stablecoin at an average price of $2,624 per token.

Further analysis shows that the Ethereum Foundation ramped up sales in September, selling a total of 3,766 ($10.46 million) during the month. For instance, the Foundation traded 100 ETH for $264,000 DAI at an average price of $2,640 per ETH seven days ago.

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