The post Ethereum Foundation Sells 1,700 ETH at $1,611! appeared first on Coinpedia Fintech News
The Ethereum Foundation has reportedly sold 1,700 ETH at a price of $1,611, as per recent reports. This sale comes at an important time for the cryptocurrency market, as Bitcoin is currently experiencing a price surge. Information about the sale was reported by Lookonchain, and it is unclear why exactly the Foundation decided to sell its ETH holdings at this particular moment. As Ethereum is one of the largest altcoins by market capitalization, this move could have an impact on the broader market. It remains to be seen whether this sale is a one-off or if further moves by the Foundation are in the works.
