Ethereum Foundation Sells 100 ETH Ahead Of Spot Ether ETF Listing

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 23, 2024 18:42

Ethereum Foundation has just sold 100 ETH for 345,179 DAI raising eyebrows in the community as the foundation sold the crypto asset just before the spot Ethereum ETF listing and trading today. Ethereum Foundation has sold 2,366 ETH for 6.9 million DAI stablecoin this year. In addition, the wallet address “0xdb3” linked to Ethereum Foundation or Ether ICO moved 3,200 ETH worth $11.2 million to Kraken. Grayscale also transferred $1 billion in Ethereum to Coinbase ahead of the spot Ethereum ETF debut.