Ethereum Foundation on-chain activity was once again a hot topic in the early hours today.
Two addresses linked to the Foundation transferred 4,393 $ETH to an exchange, worth approximately $11.13 million.
These two addresses received 59,751 $ETH from the Foundation ten years ago, when each coin was worth less than $1. On-chain data shows that over the past decade, they have gradually transferred out 49,751 coins at an average price of around $658. Today's 4,393 coins are another transaction in this long-running story.
In the same week, spot $ETH ETFs saw net outflows of $542 million, their worst week since January. $ETH is currently hovering around $2,540, up slightly over the past 24 hours, with no direct connection to these two developments.
Two addresses linked to the Foundation transferred 4,393 $ETH to an exchange, worth approximately $11.13 million.
These two addresses received 59,751 $ETH from the Foundation ten years ago, when each coin was worth less than $1. On-chain data shows that over the past decade, they have gradually transferred out 49,751 coins at an average price of around $658. Today's 4,393 coins are another transaction in this long-running story.
In the same week, spot $ETH ETFs saw net outflows of $542 million, their worst week since January. $ETH is currently hovering around $2,540, up slightly over the past 24 hours, with no direct connection to these two developments.