Ethereum Foundation unloads 100 ETH in the middle of newest slump Oluwapelumi Adejumo · 7 hours ago
Insights Ethereum
Ethereum Foundation’s ETH sale timing connected to market volatility patterns.
The Ethereum Foundation has actually finished its very first Ethereum (ETH) sale of the year in the middle of a difficult market environment.
On Jan. 8, the non-profit company exchanged 100 ETH for 329,463 DAI. According to on-chain information from Arkham Intelligence, the structure still holds over $900 million worth of ETH in spite of these present sales.
Information from SpotOnChain exposes an intriguing pattern in the structure’s ETH sales. In 2024, the company unloaded 4,466 ETH for $12.61 million, attaining a typical rate of $2,823 per system. Especially, these sales typically took place ahead of considerable market slumps.
Ethereum Foundation ETH Sales (Source: SpotOnChain)
This newest sale likewise accompanies a high decrease in Ethereum’s worth. Over the previous 24 hours, the digital possession’s rate toppled by over 12%, dropping from $3,640 to as low as $3,308 before recuperating a little to $3,338 since press time, according to CryptoSlate’s information.
This rate motion has actually had considerable repercussions for traders. According to Coinglass, speculative bets on Ethereum’s rate led to almost $100 million in liquidations within the last day.
Ethereum Price Liquidation (Source: Coinglass)Latest Insights » …
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