{"id":137636,"date":"2024-09-20T16:00:39","date_gmt":"2024-09-20T13:00:39","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137636"},"modified":"2024-09-20T15:39:04","modified_gmt":"2024-09-20T12:39:04","slug":"ethereum-foundations-sell-off-continues","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-foundations-sell-off-continues\/","title":{"rendered":"Ethereum Foundation&#8217;s Sell-Off Continues"},"content":{"rendered":"<p>The entity has recently sold another 300 <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\"><strong>ETH<\/strong><\/a> for 763,092 stable DAI coins, which amounts to approximately $707,330 in fiat currency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Ethereum Foundation sold 100 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> for 226,868 <a href=\"https:\/\/twitter.com\/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DAI<\/a> again ~ 1 hour ago.<\/p>\n<p>Note that the Ethereum Foundation has consistently sold <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> in small batches weekly for the past 3 weeks, totaling 650 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> ($1.51M) at ~$2,323.<\/p>\n<p>Follow <a href=\"https:\/\/twitter.com\/spotonchain?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@spotonchain<\/a> for more updates on the\u2026 <a href=\"https:\/\/t.co\/CZ4fVly2RO\" rel=\"nofollow\">https:\/\/t.co\/CZ4fVly2RO<\/a> <a href=\"https:\/\/t.co\/IbnR1lkPUr\" rel=\"nofollow\">pic.twitter.com\/IbnR1lkPUr<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1835621720281268625?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This sale is not an isolated case; earlier this month, on September 9, the foundation sold 100 ETH for 226,868 DAI, worth about $235,780.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-137634\" href=\"https:\/\/cryptodnes.bg\/en\/breaking-microstrategy-raises-1-billion-to-buy-more-bitcoin\/\" title=\"BREAKING: MicroStrategy Raises $1 Billion to Buy More Bitcoin\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Microstrategy-2-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">BREAKING: MicroStrategy Raises $1 Billion to Buy More Bitcoin<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Over the past three weeks, the foundation has sold a total of 650 ETH at an average price of $2,323, which amounts to about $1.51 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Spot On Chain analysts, the Ethereum Foundation is consistently selling off large quantities of Ethereum.<\/p>\n","protected":false},"author":9,"featured_media":103904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[271,108],"coin_category":[],"class_list":["post-137636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-ethereum","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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