COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ethereum Foundation Sells ETH Assets Throughout the Year
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Ethereum Foundation Sells ETH Assets Throughout the Year
Altcoin News

Ethereum Foundation Sells ETH Assets Throughout the Year

In Brief

  • The Ethereum Foundation sold 6,646 ETH, generating significant revenue.

  • Sales were conducted through multiple transactions for asset diversification.

  • Market observers monitor these sales due to their potential impact.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

The Ethereum $0.000207 Foundation sold a significant portion of its ETH assets throughout the year. According to data provided by 0xScope, from January 2 to October 23, the Foundation sold a total of 6,646 ETH in exchange for DAI, generating approximately 17 million dollars in revenue.

Contents
Details of the Ethereum Foundation’s Sales TransactionsWhat Do the Ethereum Foundation’s Sales Mean?

Details of the Ethereum Foundation’s Sales Transactions

Since the beginning of the year, the Ethereum Foundation executed 37 separate transactions, selling amounts ranging from 50 to 200 ETH. The first transaction occurred on January 2, and the last on October 23. During this period, the Foundation sold a total of 4,066 ETH through CowSwap at an average price of 2,764 dollars, yielding around 11.24 million dollars.

Additionally, a wallet belonging to the Ethereum Foundation received 51,251 ETH in 2015. In the last two months, this wallet transferred 2,580 ETH (valued at 6.24 million dollars) to Bitstamp and Kraken exchanges, with an average transfer price of 2,417 dollars.

What Do the Ethereum Foundation’s Sales Mean?

The Ethereum Foundation’s sales transactions are viewed as efforts to diversify its ETH assets and provide liquidity. The Foundation has previously conducted ETH sales at various times and transparently shared these transactions with the community. Representatives of the Foundation stated their intention to convert the funds into cash for use in projects that support the Ethereum ecosystem.

These sales by the Ethereum Foundation are closely monitored by the Ethereum community and market followers due to their impact on the market.

Current data shows that ETH, the main asset of the Ethereum mainnet, is trading at 2,490 dollars after a 2.24% decrease in the last 24 hours. The data indicates that ETH has fallen by 5.17% over the past week. With current prices, ETH is trading 49.03% below its all-time high of 4,891 dollars reached on November 16, 2021.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Crypto Demand Surges: Bitcoin ETFs Hit New Highs

Investors Dump TRUMP Tokens as Event Invitations Are Finalized

Crypto Traders Discover New Potential in BERT and SOL Coins

VanEck Leads with Tokenized Treasury Funds on Major Blockchain Networks

MOODENG Coin Skyrockets as It Grabs Attention in the Crypto World

İlayda Peker 25 October, 2024 - 11:31 am 25 October, 2024 - 11:31 am
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Bluntz Shares Positive Outlook on Dogecoin, Solana, and Sui
Next Article Solo Bitcoin Miner Achieves Rare Success with $222,000 Reward
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Crypto Demand Surges: Bitcoin ETFs Hit New Highs
Altcoin News
Coinbase Enters S&P 500 Setting a Milestone for Cryptocurrency Acceptance
Coinbase
Cardano Makes Waves with Impressive Price Surge and Market Optimism
Cardano (ADA)
Robinhood Triumphs with a Bold Canada Debut by Acquiring WonderFi
Cryptocurrency Exchanges
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?