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The Ethereum 
$2,507 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.
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.
