$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

Crypto Breaking · 2024-10-09T14:16:29.000Z

The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is part of an increasing trend in which large holders, colloquially known as “whales,” are selling their holdings in the face of this volatile market environment. A whale deposited 11,456 $ETH($27.8M) to #Binance in the past 40 minutes!https://t.co/0L5r2u9wF9 pic.twitter.com/gNZI3pKAEx — Lookonchain (@lookonchain) October 8, 2024 Significant Transactions Uncovered Lookonchain claims this is not the only transaction this foundation has lately done. ETH sold overall in 2024 is as high as 3,766, which brought $10.46 million. The organization sold 950 ETH in September, equal to $2.27 million. They sell them often, roughly every 11 days. The transaction averages about 151 ETH in size. The foundation still retains a significant sum: 271,274 ETH, or about $655 million. Market Reactions And Jitters The crypto community has a reason to worry over the continuous selling of Ethereum. Much of the investors have severely feared that this huge liquidation might lead to downward pressure on ETH prices. During the last 14 days, the price of Ethereum went down by around 8%. This has led some analysts to speculate that these selling events are contributing factors behind the bearish market of ETH. Community commentators are divided between interest and concern regarding the history of the wallet by the foundation, how it affects the market dynamics, Lookonchain has disclosed. Future Financial Planning Such sales, according to Aya Miyaguchi, an executive director of the Ethereum Foundation, are part of a deliberate financial strategy – working to pay for operational costs and cover the costs of ongoing projects. The entire annual budget is estimated to be around $100 million, with some of these costs – such as salaries and grants – requiring fiat currency. Thus, turning part of the ETH reserve into stablecoins like DAI has become routine. With the Ethereum Foundation still working through its financial situation in a volatile market, only time will tell how these continued sales will affect both the price of ETH and the robustness of the Ethereum ecosystem. With quite a bit of resources still locked up by the foundation, individuals are paying close attention to look for changes or constructive/violent reactions in the market. Featured image from ETF Stream, chart from TradingView Source: NewsBTC.com The post $6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy appeared first on Crypto Breaking News.

以太坊基金会最近因制定出售部分以太币余额的清算计划而成为关注的焦点。
根据链上追踪器 Lookonchain 的数据，一个与该基金会关联的钱包于 2024 年 10 月 8 日将 2,500 ETH（价值约 600 万美元）转移到了交易所 Bitstamp。这是一种日益增长的趋势的一部分，在这种动荡的市场环境下，大额持有者（俗称“鲸鱼”）正在出售其持有的资产。
在过去的 40 分钟内，一名鲸鱼向#Binance存入了 11,456 美元 ETH（2780 万美元）！https://t.co/0L5r2u9wF9 pic.twitter.com/gNZI3pKAEx
— Lookonchain (@lookonchain) 2024 年 10 月 8 日
发现重大交易
Lookonchain 声称，这不是该基金会最近进行的唯一一笔交易。2024 年，ETH 的总销量高达 3,766 枚，价值 1046 万美元。该组织在 9 月份售出了 950 枚 ETH，价值 227 万美元。他们经常出售这些 ETH，大约每 11 天一次。交易平均规模约为 151 ETH。该基金会仍持有一笔可观的资金：271,274 枚 ETH，约合 6.55 亿美元。
市场反应和不安
加密货币社区有理由担心以太坊的持续抛售。许多投资者严重担心这种大规模清算可能会导致 ETH 价格下跌。在过去 14 天里，以太坊的价格下跌了约 8%。
这导致一些分析师猜测这些抛售事件是导致 ETH 市场看跌的因素。Lookonchain 透露，社区评论员对基金会钱包的历史以及它如何影响市场动态既感兴趣又担心。
未来财务规划
以太坊基金会执行董事 Aya Miyaguchi 表示，此类出售是经过深思熟虑的财务战略的一部分——旨在支付运营成本并支付正在进行的项目的费用。整个年度预算估计约为 1 亿美元，其中一些费用（例如工资和补助金）需要法定货币。因此，将部分 ETH 储备转换为 DAI 等稳定币已成为常规做法。
由于以太坊基金会仍在动荡的市场中努力解决其财务状况，只有时间才能告诉我们这些持续的销售将如何影响 ETH 的价格和以太坊生态系统的稳健性。由于基金会仍锁定了相当多的资源，个人正在密切关注市场变化或建设性/激烈的反应。
精选图片来自 ETF Stream，图表来自 TradingView
来源：NewsBTC.com
这篇文章《600 万美元 ETH 销售：以太坊基金会加入鲸鱼清算狂潮》首先出现在 Crypto Breaking News 上。

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