Ethereum Foundation Sells $18.7 Million Worth of ETH, Fueling Market Speculation

The Ethereum Foundation, a non-profit organization supporting the Ethereum blockchain, recently offloaded a substantial portion of its Ethereum holdings for roughly $18.7 million worth of DAI stablecoins. This move has ignited discussions among crypto market participants and raised questions about its broader implications. 4,095.18 ETH was exchanged in this transaction, which occurred with an address linked to the foundation. On-chain analytics platforms like Onchain Lens confirmed the transfer details.