Why the Ethereum Foundation Sold 1,210 ETH Today?
2025-07-11 05:31:31
Main Idea
The Ethereum Foundation sold 1,210 ETH for approximately $3.5 million in USDC, part of a broader strategic reallocation of funds, while other market players continue accumulating ETH.
Key Points
1. The Ethereum Foundation sold 1,210 ETH for $3.5 million in USDC at an average price of $2,889.50 per ETH.
2. Approximately 21,000 ETH were consolidated into a multisig wallet over the past month, with 7,000 ETH distributed from it, including this sale.
3. Ethereum price recently touched $3,000 before pulling back, with key support near $2,750.
4. Whales and smart money have accumulated over $358 million in ETH, indicating strong buying activity despite the Foundation's sale.
5. Ethereum's Total Value Locked (TVL) has risen, while network fees dropped 22% in the last month, reducing ETH burn rate.
Description
The post Why the Ethereum Foundation Sold 1,210 ETH Today? appeared first on Coinpedia Fintech News The Ethereum Foundation sold 1,210 ETH for approximately $3.5 million in USDC via Uniswap V4, with the transaction averaging $2,889.50 per ETH. This sale follows a recent series of fund movements, during which approximately 21,000 ETH were consolidated into a multisig wallet over the past month. From this wallet, 7,000 ETH was further distributed, including today’s sale from a secondary address. T...
Latest News
- Ripple CEO Brad Garlinghouse’s Net Worth Climbs to $10B After SEC Settlement2025-07-11 11:33:54
- 3 Fast-Rising Cryptos That Could Break Into the Top 20 in 5 Months2025-07-11 11:14:43
- Charles Hoskinson Predicts Bitcoin Price Will Hit $250K2025-07-11 11:09:56
- Crypto Wallet Xaman Announces Temporary Outage Halting XRP Transactions2025-07-11 10:59:02
- Filecoin Price Prediction 2025, 2026 – 2030: Is FIL Price Worth Investing?2025-07-11 10:45:38