The Ethereum Foundation’s activity has garnered significant attention, as detailed by COINOTAG on September 20. According to Lookonchain monitoring, the foundation recently disposed of 300 ETH (approximately US$763,000) just four hours ago. Since the beginning of 2024, this transaction contributes to a cumulative total of 3,466 ETH (valued at US$9.67 million) offloaded by the foundation. These sales have been performed with consistent regularity, averaging one transaction every 11 days. On average, each sale involved around 151 ETH (estimated at US$421,000). This strategic liquidation by the Ethereum Foundation highlights its ongoing efforts in financial management amidst a dynamic cryptocurrency market. It is essential for stakeholders and market participants to monitor these movements, as they can significantly influence Ethereum’s market behavior.
Source: https://en.coinotag.com/breakingnews/ethereum-foundation-sells-300-eth-amid-ongoing-liquidation-strategy/