Ethereum Foundation Sells 1,210 ETH for $3.5M USDC
Ethereum Foundation sold 1,210 ETH at $2,889.5 each, raising $3.5M in USDC—part of 21,000 ETH moved in the past month.
- Ethereum Foundation sold 1,210 ETH for $3.496M USDC.
- Sale price was $2,889.5 per ETH, per EmberCN.
- 21,000 ETH moved recently to internal addresses.
Ethereum Foundation Moves $3.5M in ETH
The Ethereum Foundation has once again made headlines after it sold 1,210 ETH today for approximately $3.496 million in USDC, based on a reported price of $2,889.5 per ETH. The transaction, spotted by on-chain analytics account @EmberCN, has sparked renewed speculation about the foundation’s market strategy.
This sale is part of a larger series of ETH transfers observed over the past month, with over 21,000 ETH being moved to internal addresses starting with 0xc06. The 1,210 ETH in this sale was specifically transferred to an address starting with 0x340, from where the stablecoins were likely received.
A Pattern of Strategic Sales?
The Ethereum Foundation is known for its occasional ETH sales, often aligning them with local market highs. While some in the community view these moves as profit-taking or treasury diversification, others see them as potential short-term price signals.
Here’s what stands out:
- Timing: The sale happened near a local high for ETH, consistent with past behavior from the foundation.
- Volume: 1,210 ETH isn’t a massive sale in market terms, but within the context of recent 21,000 ETH movements, it raises questions about whether more sales are planned.
- Destination Addresses: The ETH has been distributed to internal wallets, which may signal more strategic positioning rather than immediate offloading.
While the Ethereum Foundation has not made an official statement, such transparent on-chain activity gives the market insight into its actions, and often sets the tone for market sentiment.
Should Traders Be Concerned?
Historically, Ethereum Foundation sales have occasionally marked local tops, but they haven’t been consistent indicators of long-term trends. Instead, they are often viewed as risk management and funding moves rather than bearish signals.
Still, large ETH movements—especially from key players like the Foundation—are closely watched. Traders should stay alert but avoid overreacting to isolated transactions.
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