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
$0.9989
-0.04%
$ETH
$3007.92
+8.21%
Latest News
- Echo Protocol Launches on BNB Smart Chain Trading Competition with Rewards for Top Token Traders2025-07-11 05:42:59
- Ethereum Foundation Clarifies 1210 ETH Sale Linked to Argot Collective, Not EF Address2025-07-11 05:30:46
- Ethereum Trades Above $2,700 With Bullish Signals Suggesting Potential Move Toward $2,8502025-07-11 05:29:34
- Bitcoin Could Reach $116,000 Amid Institutional Support and Favorable U.S. Policy Changes2025-07-11 05:29:17
- Bitcoin Surges to New All-Time High Above $117,000 with 5.37% 24-Hour Gain2025-07-11 05:17:24