Ethereum Foundation Executes Transparent Strategy in Significant ETH Sale
2025-07-11 06:12:57
Main Idea
The Ethereum Foundation executed a transparent sale of 1,210 ETH via Uniswap V4, part of a larger 21,000 ETH distribution strategy, to manage market liquidity and budget transparency.
Key Points
1. The Ethereum Foundation sold 1,210 ETH at an average price of $2,889.50, totaling approximately 3.5 million USDC.
2. This transaction is part of a broader distribution of 21,000 ETH previously stored in a multi-signature wallet.
3. The sale was conducted on Uniswap V4, chosen for its speed and transparency in decentralized markets.
4. ETH price briefly hit $3,000 before stabilizing around $2,750, currently trading at $3,005.
5. Ethereum's Total Value Locked (TVL) rose from $50 billion to $73 billion over three months, while transaction fees decreased by 22%.
Description
The Ethereum Foundation sold 1,210 ETH for approximately 3.5 million USDC. The transaction was part of a strategy involving 21,000 ETH transfers across wallets. Continue Reading: Ethereum Foundation Executes Transparent Strategy in Significant ETH Sale The post Ethereum Foundation Executes Transparent Strategy in Significant ETH Sale appeared first on COINTURK NEWS .
Latest News
- Ethereum Empowers Its Future by Implementing Zero-Knowledge Technology2025-07-11 12:49:31
- Arthur Hayes Predicts Thrilling Altcoin Surge That Captures Market Attention2025-07-11 12:18:05
- Bitcoin Surges as Institutional Buying Dries Up Supply2025-07-11 11:22:00
- GMX Exchange Faces Challenges, But Bounces Back Strongly2025-07-11 10:59:37
- Cryptocurrencies Soar: Ethereum, XRP, and Others Lead the Way2025-07-11 10:12:00