Ethereum Foundation Sells 100 ETH Amidst Total 2024 Sales of 4,466 ETH Worth $12.62 Million

The Ethereum Foundation has continued to adjust its holdings, as revealed by data from Lookonchain. On December 17, the organization divested an additional 100 ETH, amounting to approximately US$402,400. This sale is part of a broader strategy that has seen the Foundation offload a cumulative 4,466 ETH in 2024, translating to a significant US$12.62 million in total sales for the year. Such movements in Ethereum’s token supply can indicate changes in market sentiment and institutional strategy, underscoring the importance of monitoring organizational behaviors within the cryptocurrency landscape. Stakeholders and investors alike should keep a close watch on these developments to assess their potential impact on Ethereum’s market dynamics.