As we entered an important week in Bitcoin and cryptocurrencies, there was a sale on the largest altcoin Ethereum front.
According to Lookonchain’s post, a wallet belonging to the Ethereum Foundation sold 1,700 ETH about half an hour ago.
The Ethereum Foundation sold these ETHs for 2.74 million USDC at a price of $1,611.
“Ethereum Foundation wallet 0x9ee4 sold 1,700 ETH for 2.74 million USDC at $1,611 30 minutes ago.”
Grant Provider: 0x9ee4(Ethereum Foundation wallet) sold 1,700 $ETH for 2.74M $USDC at a price of $1,611 30 minutes ago.https://t.co/VPgNRkhGcA pic.twitter.com/PFUl1tFIaX
— Lookonchain (@lookonchain) October 9, 2023
The address currently contains 240,678 ETH, 7,096 USDC, 49,658 DAI and 10,125 ARB.
Ethereum is trading at $1,614 at the time of writing.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/new-ethereum-sale-from-ethereum-foundation-how-many-eth-was-sold/