According to information shared by Spot On Chain, three wallet addresses associated with the Ethereum Foundation sold 15,455 ether coins in the past week.
In the past week, 3 wallets linked to#EthereumFoundationhave actively unloaded $ETH!1️⃣ Two Ethereum Foundation’s main wallets sold 200 $ETH for 744,722 $DAI at ~$3,724.• Since the start of 2024, they have sold 2,166 $ETH for 6.21M $DAI, often ahead of price drops.2️⃣… pic.twitter.com/g3iIYM53V4
— Spot On Chain (@spotonchain) June 11, 2024
It is said that the two main wallets of the Ethereum Foundation sold 200 ETH in exchange for 744,722 DAI for about $3,724, and since the beginning of 2024, they have sold 2,166 ETH for 6.21 million DAI. It’s worth mentioning that the Ethereum Foundation’s sell-offs typically occur before overall market price declines.
On the other hand, the wallet address starting with 0xdb3 deposited 15,255 ETH (approximately US$55.6 million) to Kraken at a price of US$3,648 about 3 days ago. The ETH in this wallet address mainly comes from the Ethereum Foundation wallet and the Ethereum ICO. participants.
This article Ethereum Foundation-related addresses sold a total of 15,455 ETH in the past week first appeared on Zombit.
