According to information shared by Spot On Chain, three wallet addresses associated with the Ethereum Foundation have sold 15,455 ETH in the past week. Allegedly, the Ethereum Foundation’s two main wallets sold 200 ETH at around $3,724 each and exchanged them for 744,722 DAI. Since early 2024, they have sold 2,166 ETH for 6.21 million DAI. It is worth noting that the Ethereum Foundation’s sales typically occur before a general market price decline.
On the other hand, the wallet address starting with 0xdb3 deposited 15,255 ETH (approximately $55.6 million) to Kraken at a price of $3,648 about three days ago. The ETH in this wallet address mainly comes from Ethereum Foundation wallets and Ethereum ICO participants.
