Ethereum Foundation’s ETH Sales: Strategic Move for Network Sustainability

The Ethereum Foundation recently conducted significant ETH sales, fueling speculation within the crypto market. A total of 7,294 ETH, valued at $33.25 million in DAI, were sold over three days. This action follows a trend of substantial activity by the Foundation, adding to the already impressive $33.25 million in DAI generated from their ETH sales within the last three days according to on-chain analytics platform Onchain Lens. These transactions reveal a strategic reallocation of assets, potentially for operational needs or diversification.