According to recent reports from COINOTAG, the Ethereum Foundation has executed a significant transaction involving 100 ETH, converting it into 37.43K DAI at a rate of $3,743 per ETH. This transaction marks the Foundation’s most recent sale, following a prior transaction that took place approximately 27 days ago. Throughout the current year, the Ethereum Foundation has notably offloaded a total of 4,366 ETH, which has accrued approximately $12.2 million in revenue. High-frequency trading activities like this underscore the Foundation’s strategic approach to managing its assets amidst the increasingly volatile crypto market. The transaction exemplifies the ongoing liquidity efforts by the Foundation, maintaining relevance in a rapidly evolving digital economy.
Source: https://en.coinotag.com/breakingnews/ethereum-foundation-sells-100-eth-for-3743-each-totaling-over-12-million-this-year/