According to on chain data, the Ethereum Foundation sold 1700ETH to Uniswapdex earlier today for a transaction amount of 273800USDC. The average price of ETH sold this time is slightly lower than the current market price, with each ETH priced at $1611
According to on chain data, the Ethereum Foundation sold 1700ETH to Uniswapdex earlier today for a transaction amount of 273800USDC. The average price of ETH sold this time is slightly lower than the current market price, with each ETH priced at $1611. After the sale, the price of ETH decreased by 1.45%, and the current price per ETH is approximately $1590.
It is worth noting that after the Ethereum Foundation sold these ETHs, the overall price of the second largest digital currency fell by nearly 3%. The price of Bitcoin has dropped from $1636 on the Bitstamp exchange to $1591.
The purpose and motivation behind the sale of ETH by the Ethereum Foundation are not yet clear, but this operation has sparked market attention to the price trend of Ethereum. Analysts pointed out that this move may be an action taken by the foundation to raise funds or implement other strategies. However, given the current market concerns and volatility regarding the encryption market, this sale may trigger further market adjustments.
Recently, with some fluctuations in the cryptocurrency market, the price of Bitcoin has dropped from $27790 to $27500, resulting in a downturn in the overall cryptocurrency market.
The reason for this is that the StarsArena hacker attack incident caused a close proximity. Meanwhile, Ethereum and most other counterfeit coins also showed a downward trend. This is mainly a cryptocurrency loss of $3 million, which has had an impact on the market.
In addition, geopolitical tensions have also intensified the cryptocurrency market due to the StarsArena hacker attack, which resulted in nearly $3 million in cryptocurrency loss uncertainty. In this context, the wallet associated with the Ethereum Foundation was attacked, resulting in the theft of $3.687 million worth of encrypted assets. For the cryptocurrency market, these unfavorable news have exacerbated market volatility.
After this incident, the wallet associated with the Ethereum Foundation was sold. The wallet includes 240.68 ETH, $3.2 million USDC, 49700 DAI stable coins, and 10000 ARBs. The total value of these encrypted assets reached $3.687 million. Although these funds are only a drop in the ocean for the entire market, their sale may have a certain impact on the market in the short term.
After the above sale, the wallet associated with the Ethereum Foundation includes 240.68 ETH, 3.2 million USDC, 49700 DAI stable currency, and 10000 ARB. The total value of all these encrypted assets is 3.687 million US dollars.
Similar events also occurred over the weekend. According to U.Today, Ethereum co founder and lead singer VitalikButerin sold 1000 ETHs worth $1.64 million in fiat currency on the Bitstamp exchange. This is not the only ETH sales conducted by this Canadian programmer with Russian ancestry.
In the past two months, approximately 4400 ETH has been transferred from Buterin's blockchain address to Bitstamp. The estimated value of this Ethereum is 7.23 million US dollars.
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