Ethereum Foundation Ramps Up ETH Dumping in Latest Move

Ethereum Foundation’s Recent Sell-Off of ETH

The Ethereum Foundation, a prominent non-profit organization responsible for overseeing the development of the Ethereum blockchain, has reportedly engaged in another sell-off of Ethereum (ETH). According to on-chain data, the foundation transferred 100 ETH, which is valued at approximately $253,000, to an unknown address. Subsequently, the foundation received an equivalent amount in DAI, a stablecoin pegged to the US dollar. This recent transaction sheds light on the foundation’s financial activities and its approach to managing its crypto assets.