Wendy

$ETH An Ethereum Foundation-linked wallet has sold another 2,099 ETH for $9.61M DAI.

Over the past two days, it has offloaded a total of 6,194 ETH for $28.36M DAI at an average price of $4,578. Just 11 minutes ago, the wallet received 3,000 ETH worth $13.69M, likely preparing for further sales.

What’s your take – will this continued selling pressure weigh heavily on ETH’s price, or is it just routine treasury management by the Foundation?

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