Ethereum Foundation Sales Grab Headlines, but the Real ETH Selling Is 87x Bigger
A wallet linked to the Ethereum Foundation sold 2,000 Ethereum (ETH), worth about $3.87 million, on Friday. The wallet has now sold 6,785 ETH since October 26. ETH now trades close to where its mid-August rally began. Yet the wallet’s sales look small next to the money leaving US spot Ethereum exchange-traded funds. The Foundation-Linked The post Ethereum Foundation Sales Grab Headlines, but the Real ETH Selling Is 87x Bigger appeared first on BeInCrypto.
Key Takeaways
- A wallet linked to the Ethereum Foundation sold 2,000 Ethereum (ETH), worth about $3.87 million, on Friday.
- The wallet has now sold 6,785 ETH since October 26.
- ETH now trades close to where its mid-August rally began.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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