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On-chain monitoring firm Lookonchain has detected that a wallet associated with the Ethereum Foundation sold 2,785 ETH for $2,304 each
On-chain monitoring firm Lookonchain has detected that a wallet associated with the Ethereum Foundation sold 2,785 ETH for $2,304 each, totaling $6.42 million, in the past hour. Additionally, the firm observed that two other wallets linked to the Ethereum Foundation deposited 4,393 ETH, worth $11.13 million, to Kraken 5 hours ago. These wallets initially received 59,751 ETH from the Ethereum Foundation 10 years ago at a price of $0.9 per ETH. The last suspected sale of ETH by the Ethereum Foundation was two weeks ago, after which the price of ETH has fallen by 9%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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