This is an important message that many people miss.
According to Spot On Chain monitoring, three Ethereum Foundation-related wallets have actively sold 15,455 ETH in the past week.
Among them, two Ethereum Foundation main wallets sold 200 ETH at a price of $3,724, which was 744,722 DAI.
And since the beginning of 2024, these two wallets have sold 2,166 ETH for $6.21 million, often well before price drops.
In addition, the wallet 0xdb3 deposited 15,255 ETH (worth $55.6 million) to Kraken at a price of $3,648 about 3 days ago. The ETH in this wallet comes from the Ethereum Foundation wallet and Ethereum ICO participants.
Today, BTC fell slightly, followed by ETH, and Altcoin fell sharply. The information that the Ethereum Foundation deposited coins to exchanges once again entered the public eye.
Ethereum has a history of about 10 years. In the past two years, the Ethereum Foundation has been called the "Master of Escape". It has been able to sell ETH to the right people before a big drop every time.
Many people joked that there are only two masters of escaping the top in the crypto, one is Justin Sun Sun, and the other is the Ethereum Foundation.
Let’s look at the Ethereum Foundation’s cryptocurrency trading operations based on some icons.
Let’s take a look at this picture first, which records the coin selling operations before June 2024.
In the figure, the number of coins sold is tens of thousands. It is not difficult to find that except for the 100,000 ETH sold in 2020, which was sold on the "upward", the others were sold at the stage high point. Very stable.
In particular, the 20,000 ETH in 2021 was sold at the high point after ETH broke through US$4,000 in the last bull market, which can be called a "stroke of genius."
When the market is delicate and about to fall, many people will choose to follow the large sell orders of the Ethereum Foundation, which adds a lot of "ingredients" to the story of the master of escaping the top of the Ethereum Foundation.
Sometimes, after a market crash, on-chain data monitors or the media will sometimes look back at the recent selling points of the Ethereum Foundation, and investors will sigh: The master is still the master.
Why is the Ethereum Foundation so powerful and how can we learn from it?
In fact, the method is very simple. The answer is that if you have a large amount of chips, and then keep selling, you will always be able to sell to the stage peak.
The media and the public will not remember your sell orders during the big boom, they will only remember your buy orders before the big crash.
The following figure shows the large-scale coin sales of the Ethereum Foundation from 2017 to 2023. A large amount of ETH was sold during the accelerated rise of ETH.
In addition, monitoring the address of the Ethereum Foundation also reveals that small sell orders are actually very frequent, mainly 200 ETH. There were 4 orders in May, and one order of 1,000 ETH. Even 100 ETH were sold directly in DEX to "recover blood."
