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.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024