According to BlockBeats, the Ethereum Foundation has sold another 100 ETH, valued at approximately $402,400. This transaction was monitored by Lookonchain and took place on December 17. Since the beginning of 2024, the Ethereum Foundation has cumulatively sold 4,466 ETH, amounting to around $12.62 million.
This recent sale is part of a series of transactions by the Ethereum Foundation, which has been actively managing its holdings throughout the year. The foundation's strategy appears to involve liquidating portions of its ETH reserves, possibly to fund ongoing projects or operational expenses. The consistent selling activity since January 1, 2024, highlights the foundation's approach to maintaining liquidity and supporting its initiatives.
The Ethereum Foundation's actions are closely watched by the cryptocurrency community, as they can influence market perceptions and ETH's price dynamics. The foundation's sales are typically seen as a signal of its financial strategies and priorities. As the year progresses, the foundation's continued sales will likely remain a point of interest for investors and analysts monitoring the cryptocurrency market.
