Ethereum Foundation sells 300 ETH as price hits $2.5k

Ethereum Foundation sells 300 ETH as price hits $2.5k


The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks
On September 20, the non-profit sold 300 ETH for over $760,000 as Ethereum’s price rose to above $2,500

The Ethereum Foundation has once again dumped more Ether tokens, this time offloading 300 ETH worth more than $760,000.

According to on-chain data, the foundation sold the 300 ETH for an average of $2,543 – which is a level that is 5% up on intraday lows of $2,440.

In recent days, the organization had stopped its selling spree. Before the brief lull, the Ethereum Foundation had become one of the top ETH holders to dump as prices stalled. But on September 20, the dump resumed.

Phemex

Ethereum Foundation has sold Ether every four to seven days

On September 6, the Ethereum Foundation sold 100 ETH for $226,868. It’s a sale that brought the foundation’s increased selling across three weeks to 650 ETH, with these valued at about $1.5 million.

According to Spot On Chain, a on-chain insights platform, the non-profit organization has sold 950 ETH since the start of September. These sales amount to over $2.2 million, with the average sale price being $2,392.

The Ethereum Foundation has sold the native Ethereum token every four to seven, on-chain data shows.

In May 2024, the Ethereum Foundation sold 1,000 ETH for over $3 million, with year-to-date totals at the time reaching 1,766 ETH sold for over $4.8 million.

The latest dump comes after Ethereum’s price surged from under $2,200 levels reached earlier this month.

At the time of writing, ETH traded around $2,552, roughly 5% up in the past 24 hours and +8.5% in the past week.

These gains have come as Bitcoin’s price surged to above $63,000 after this week’s Fed moved to cut interest rate by 0.5%.

Earlier, CoinJournal highlighted that five Satoshi era Bitcoin wallets that had been dormant for 15 years, woke up and transferred 250 BTC.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

CryptoKorner
Fiverr
CryptoKorner
Ethereum Foundation sells 300 ETH as price hits $2.5k
Phemex
Changelly
SEC delays decision on Ether staking and XRP ETFs, as analysts expected
Technical Indicators Show Resistance at $2,800 Level
Ethereum sees smart wallet activity spike as Pectra impact is felt
Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Is This Correction the Calm Before a Storm to $5,000?
Crypto news today: Bitcoin nears all-time high; ETH, DOGE, PEPE, ATOM show bullish signs
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
Changelly
Mistplay offers reward-based user acquisition on the iPhone
Is Bitcoin price close to a cycle top? — 5 indicators that help traders decide
SEC delays decision on Ether staking and XRP ETFs, as analysts expected
Bitdeer clocks declining year-over-year revenues in Q1
Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
Mistplay offers reward-based user acquisition on the iPhone
Is Bitcoin price close to a cycle top? — 5 indicators that help traders decide
SEC delays decision on Ether staking and XRP ETFs, as analysts expected
Bitdeer clocks declining year-over-year revenues in Q1
ar
zh-CN
nl
en
fr
de
it
pt
ru
es
en
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
cardano
tron
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
cardano
tron