Ethereum

Million

Foundation

The Ethereum Foundation has executed two transactions, selling a total of 700 ETH for approximately $1.684 million in DAI stablecoin. These transactions took place through two addresses, namely 0xbc9 and 0xd77. 
<figure id="attachment_26997" aria-describedby="caption-attachment-26997" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="size-full wp-image-26997" src="https://crypto.ro/en/wp-content/uploads/2024/01/GEcQCCQW0AAJ-17.jpg" alt="ETH selling transactions of Ethereum Foundation" width="950" height="540" srcset="https://crypto.ro/en/wp-content/uploads/2024/01/GEcQCCQW0AAJ-17.jpg 950w, https://crypto.ro/en/wp-content/uploads/2024/01/GEcQCCQW0AAJ-17-300x171.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/01/GEcQCCQW0AAJ-17-768x437.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/01/GEcQCCQW0AAJ-17-750x426.jpg 750w" sizes="(max-width: 950px) 100vw, 950px" title="Ethereum Foundation sells 700 ETH for nearly $1.7 Million in recent transactions 11">
 <figcaption id="caption-attachment-26997" class="wp-caption-text">
 ETH selling transactions of Ethereum Foundation
 </figcaption>
</figure> 
Over the past six days, the Foundation has sold a total of 1,500 ETH for approximately $3.621 million in DAI stablecoin. These transactions, executed through two addresses (0xbc9 and 0xd77), have raised concerns about potential market manipulation and the Foundation’s long-term plans for its ETH holdings. 
<ul data-sourcepos="7:1-10:0"> 
 <li data-sourcepos="7:1-7:58">700 ETH sold on January 22nd for $1.684 million DAI.</li> 
 <li data-sourcepos="8:1-8:69">800 ETH sold over the previous six days for $1.937 million DAI.</li> 
 <li data-sourcepos="9:1-10:0">Average selling price of $2,422 per ETH.</li> 
</ul> 
Following the news, <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">ETH</a> dipped 4% now trading under $2,400, marking a noticeable decline on the charts 
<figure id="attachment_26998" aria-describedby="caption-attachment-26998" style="width: 100%" class="wp-caption alignleft">
 <img loading="lazy" decoding="async" class="size-full wp-image-26998" src="https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5.png" alt="ETH price over the past 24 hours" width="1200" height="800" srcset="https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5-300x200.png 300w, https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5-1024x683.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5-768x512.png 768w, https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5-750x500.png 750w, https://crypto.ro/en/wp-content/uploads/2024/01/ETH_1D_graph_coinmarketcap-5-1140x760.png 1140w" sizes="(max-width: 1200px) 100vw, 1200px" title="Ethereum Foundation sells 700 ETH for nearly $1.7 Million in recent transactions 12">
 <figcaption id="caption-attachment-26998" class="wp-caption-text">
 ETH price over the past 24 hours
 </figcaption>
</figure> 
While the Ethereum Foundation’s past ETH sales haven’t always coincided with market peaks, there have been instances where their selling activity aligned with local tops.

Ethereum Foundation sells 700 ETH for nearly $1.7 Million in recent transactions

crypto.ro global

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