Ethereum Foundation’s Strategic ETH Sales: Analyzing Market Impact

The recent activity of an address linked to the Ethereum Foundation has captured attention in the cryptocurrency space. Onchain Lens reported a significant event: the address executed further ETH sales, offloading an additional 2,099 ETH, valued at 9.61 million DAI. This follows another sale over the past two days, where the address sold a total of 6,194 ETH, totaling 28.36 million DAI. This movement of digital assets naturally raises questions about its potential market impact.