Ethereum Foundation’s Sell-Off Continues

According to Spot On Chain analysts, the Ethereum Foundation is consistently selling off large quantities of Ethereum.

The entity has recently sold another 300 ETH for 763,092 stable DAI coins, which amounts to approximately $707,330 in fiat currency.

This sale is not an isolated case; earlier this month, on September 9, the foundation sold 100 ETH for 226,868 DAI, worth about $235,780.

Over the past three weeks, the foundation has sold a total of 650 ETH at an average price of $2,323, which amounts to about $1.51 million.