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LINK
$28.50
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BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%
Short News

Ethereum Foundation Sells Another 100 ETH Worth $336K

Mustafa Mulla8 Jan 20251 min read

The Ethereum Foundation has sold 100 ETH worth $336,000, adding to a pattern observed over the past year. Data from Lookonchain reveals that the foundation has offloaded a total of 4,566 ETH, valued at $12.96 million, across 33 trades. Interestingly, 16 of these sales were made at market peaks, highlighting their strategic timing. This latest move comes as Ethereum’s price has dropped nearly 10%, now trading around $3,264. The consistent sales by the Ethereum Foundation have raised questions about potential price pressure on ETH in the short term.

Mustafa Mulla
Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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