Is the Ethereum Foundation Selling Again? New Here’s the New Onchain Data

Following the allegations that Vitalik Buterin sold Ethereum, today it is being said that the Ethereum Foundation is selling ETH.

According to Onchain data, minutes ago, cryptocurrency wallets affiliated with the Ethereum Foundation sold 450 ETH for approximately 1 million DAI. When the data is examined, it is observed that they sold 550 ETH in total, corresponding to $ 1.28 million, in the last four days, and they did this at an average price of 2,324.

On the other hand, in the previous development, multisig wallets that received ETH from wallets associated with Vitalik Buterin seem to have been caught in a large-scale ETH selling wave.

The wallet, which received 3,800 ETH worth approximately $10 million from Buterin between August 9 and August 30, is constantly selling. The cryptocurrency wallet, which has sold 760 ETH for $1.83 million so far, completed these transactions at $2,414.

The Ethereum Foundation has been criticized for not reporting its sales in advance and being transparent. However, in its latest statement, the ETH Foundation stated that it sold these funds due to its own treasury management expenses.

*This is not investment advice.

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