- The Ethereum Foundation has sold over 1,000 ETH again
- Its previous selling spree was received by much criticism from the community
Over the last 24 hours, the Ethereum Foundation has executed two transactions, selling more of its ETH holdings in exchange for DAI. This move comes despite facing significant criticism during their previous large-scale sale of ETH assets.
The Foundation’s decision to convert ETH into stablecoins like DAI could be a move towards managing their assets. However, it may also raise concerns about the potential impact on market sentiment and ETH’s price stability.
Ethereum Foundation on the move again!
According to data from Spot on Chain, the Ethereum Foundation sold 100 ETH for over 241,000 DAI on 5 September.
While this initial transaction did not spark significant reactions, the most recent transaction did draw some attention. On 6 September, the Foundation transferred 1,000 ETH, valued at…
