#Ethereum Foundation Resells ETH#
Hot Topic Overview
Overview
The Ethereum Foundation recently sold another 100 ETH for 336,400 DAI at a price of $3,364. This is the latest in a series of ETH sales by the Foundation, which has sold 4,666 ETH for a total of $13.3 million since January 2, 2024. The move has sparked widespread discussion in the community, with some speculating that the Foundation is raising funds while others see it as a bearish signal on the price of ETH.
Ace Hot Topic Analysis
Analysis
Recently, the Ethereum Foundation sold another 100 ETH, exchanging them for 336,000 DAI at a price of $3,364. This is the latest in a series of ETH sales by the foundation in recent times; since January 2, 2024, they have sold 4,666 ETH for a total of $13.3 million. This sale has sparked debate within the community, with some believing it is a move to raise funds, while others see it as a bearish signal on the ETH price. Notably, ETH has remained below its 2021 peak for the past year, while BTC has hit new all-time highs. Despite this, the Ethereum Foundation has not publicly explained the specific reason behind the ETH sale, so its motivation remains a matter of debate.