The Ethereum Foundation has executed two transactions, selling a total of 700 ETH for approximately $1.684 million in DAI stablecoin. These transactions took place through two addresses, namely 0xbc9 and 0xd77.
Over the past six days, the Foundation has sold a total of 1,500 ETH for approximately $3.621 million in DAI stablecoin. These transactions, executed through two addresses (0xbc9 and 0xd77), have raised concerns about potential market manipulation and the Foundation's long-term plans for its ETH holdings.
- 700 ETH sold on January 22nd for $1.684 million DAI.
- 800 ETH sold over the previous six days for $1.937 million DAI.
- Average selling price of $2,422 per ETH.
Following the news, ETH dipped 4% now trading under $2,400, marking a noticeable decline on the charts
While the Ethereum Foundation's past ETH sales haven't always coincided with market peaks, there have been instances where their selling activity aligned with local tops.
