Ethereum Foundation Sells 1,210 ETH for $3.5M USDC, Reports Mars Finance
2025-07-11 00:44:27
Main Idea
The Ethereum Foundation sold 1,210 ETH for $3.5 million USDC, a transaction that may impact Ethereum's price stability and the broader crypto market.
Key Points
1. The Ethereum Foundation sold 1,210 ETH for 3,496,000 USDC.
2. The transaction was tracked by Ember monitoring and occurred two hours prior to the report.
3. The average selling price was approximately $2,889.5 per ETH.
4. The sale could have potential impacts on Ethereum’s price stability and the broader crypto market.
Description
Mars Finance reports that the Ethereum Foundation has executed a significant transaction, offloading 1,210 ETH in exchange for 3,496,000 USDC. This sale, tracked by Ember monitoring, occurred just two hours
$USDC
$0.9991
+0.02%
$ETH
$2999.58
+7.53%
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