Ethereum Foundation’s Sale Impact Limited as ETH Holds Strong

Ethereum Foundation's Sell-Off: Limited Impact on ETH Price

The Ethereum Foundation recently made waves in the crypto world by selling off a portion of their Ether holdings. Specifically, they offloaded 300 Ether, which is equivalent to approximately $763,000 based on current market prices. This move was tracked and reported by Lookonchain, a notable crypto intelligence tracker. Despite this increase in supply, Ethereum (ETH) has managed to maintain its value above the $2,500 mark, currently trading at $2,552, demonstrating a modest yet significant 5% increase over the past week.