Argot Collective, a nonprofit development organization, has sold an additional 1,210 ETH for $4.09 million in USDC, according to Arkham data. This transaction brings the total ETH sold by the organization to 3,626.6 ETH, amounting to $11.2 million in USDC since July 11. The average selling price for these transactions was $3,089 per ETH. Argot Collective had previously received 7,000 ETH from the Ethereum Foundation as operating funds.