Ethereum Foundation Sells 100 ETH for $2,708: Latest Market Movements Analyzed

According to a recent report from COINOTAG, on October 30, the Ethereum Foundation has conducted another sale of ETH, resuming its trading activities following a brief hiatus of one week. Data from Ember indicates that approximately thirty minutes prior to the report, the Foundation’s designated wallet executed the sale of 100 ETH, achieving a market price of $2,708. This transaction effectively converted the ETH into around 270,800 DAI, reflecting ongoing liquidity strategies by the Foundation. Such high-frequency trading practices are indicative of the Foundation’s approach to manage its cryptocurrency holdings while responding to market dynamics.