The Ethereum Foundation has sold a total of 21,000 ETH, valued at approximately $72.94 million, over the past three months. According to on-chain analyst Ember, the Foundation's DeFi multi-signature wallet recently sold 1,000 ETH for 4.508 million DAI, equating to $4,508 per ETH. This transaction follows previous sales, including 10,000 ETH sold to SharpLink on July 11 for $25.73 million and another 10,000 ETH transferred to Kraken on September 3 for $42.7 million. The Foundation has indicated plans to convert 1,000 ETH into stablecoins to support research, grants, and donation projects.
Ethereum Foundation Sells 21,000 ETH Worth $72.94 Million in Three Months
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