- Recent ETH Sales Data
- Sales Linked to Vitalik Buterin’s Wallets
- Ethereum Foundation’s Response and Statements
The Ethereum Foundation’s recent actions in the cryptocurrency market have garnered attention. Amid rumors of Vitalik Buterin's sales, it is now reported that the Ethereum Foundation is also selling ETH.
Recent ETH Sales Data
According to Onchain data, minutes ago, cryptocurrency wallets affiliated with the Ethereum Foundation sold 450 ETH for approximately 1 million DAI. When the data is examined, it is observed that they sold 550 ETH in total, corresponding to $1.28 million, in the last four days, and they did this at an average price of $2,324.
Sales Linked to Vitalik Buterin’s Wallets
In another development, multisig wallets that received ETH from wallets associated with Vitalik Buterin seem to have been caught in a large-scale ETH selling wave. The wallet, which received 3,800 ETH worth approximately $10 million from Buterin between August 9 and August 30, is constantly selling. The cryptocurrency wallet, which has sold 760 ETH for $1.83 million so far, completed these transactions at $2,414.
Ethereum Foundation’s Response and Statements
The Ethereum Foundation has been criticized for not reporting its sales in advance and for lacking transparency. However, in its latest statement, the foundation stated that it sold these funds due to its own treasury management expenses.
The sales of ETH by the Ethereum Foundation have sparked significant interest and discussions. Despite the criticism regarding transparency, the foundation explained its actions from a treasury management perspective.
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