Looking back on the 24th of last month, the Ethereum Foundation had just transferred 35,000 ETH to Kraken, successfully avoiding the plunge on the 28th and living up to the title of "Escape Master".
The Ethereum Foundation sells off 450 ETH again
Today, on-chain data analyst Ai Ai once again detected that the Ethereum Foundation once again sold 450 ETH, worth approximately US$1.03 million, which makes people worry that the market will decline again.
Statistics from Aiyi pointed out that this address has sold a total of 3,066 ETH on the chain in the past eight months, with a total value of US$8.68 million, and the average selling price was US$2,830 per coin.
In a recent Reddit AMA of the Ethereum Foundation, core researcher Justin Drake said that the foundation holds a fiat currency reserve, but due to regulatory reasons, ETH sales were temporarily suspended and have only recently resumed. Therefore, it is speculated that the recent currency sales may be to replenish fiat currency reserves.
Vitalik sold 760 ETH in the past week
At the same time, Spot On Chain monitored that the multi-signature address that obtained 3,800 ETH (worth approximately US$9.99 million) from Ethereum co-founder Vitalik Buterin on August 9th and 30th continued to be sold and liquidated. Recently, A total of 760 ETH were sold at an average price of US$2,414 during the week, which was converted into 1.835 million USDC. The most recent sale occurred yesterday.
Vitalik has continued to emphasize that the purpose of selling coins is to fund various Web3 projects and charities, and is never for profit.
Extended reading: Vitalik: All income from selling coins (not limited to ETH) will fully fund Web3 and charity, and has no plans to invest in any Layer2
Ethereum holds on to $2,300
Currently, according to Binance spot market data , Ethereum has recovered from yesterday's low of $2,240 and is currently holding above $2,300. It was temporarily trading at US$2,319.8 before the deadline, up 1.42% in the past 24 hours.
