The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days,” Spot On Chain dished out on X. This juicy tidbit comes hot on the heels of the foundation’s defense of a whopping $96.9 million transfer that raised eyebrows at the end of August. At the time, the foundation’s executive director swiftly clarified that the move was just business as usual, part of their “treasury management activities.” In the wake of the 300 ETH shuffle, one social media account quipped, “Selling the local top again and again and again … They never change.” This financial waltz coincides with Ethereum Foundation researcher Danny Ryan bowing out after seven years of contributions.

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