🔥 Ethereum Foundation just sold 1.7K ETH ($2.76M) via USDC
$2.76 million dollars is not a large amount of money that can influence the price, but did you know that history shows that the Ethereum Foundation is a professional trader specializing in peak selling 😀
Do you know:
- May 6, 2023, when ETH @ $1900 - Ethereum Foundation transfers nearly 15,000 ETH worth $28.5 million to cryptocurrency exchange Kraken.
- November 11, 2021, when ETH @ $4700 - Ethereum Foundation transfers 20,000 ETH worth $95 million to Kraken.
- May 2021 when ETH @ $3500 - Ethereum Foundation transfers just over 35,000 ETH worth $123 million.
Ethereum Foundation is an Ethereum development organization, of course they need money to operate and also to provide funding for developers developing on Ethereum.
According to data from DeFiLlama, the Ethereum Foundation currently holds 315,898 ETH (~$500 million USD) at this time.