According to data published by on-chain analysis platform Lookonchain, the Ethereum Foundation sold 1,700 ETH for 2,738 million USDCoin (USDC) on Uniswap (UNI).
The report published by Lookonchain a few hours ago had a great impact on the market, especially ETH investors. The Ethereum Foundation sold 1,700 ETH, equivalent to $2,738 million, on Uniswap (UNI) on October 9 at around 11:20 UTC.
Grant Provider: 0x9ee4(Ethereum Foundation wallet) sold 1,700 $ETH for 2.74M $USDC at a price of $1,611 30 minutes ago.https://t.co/VPgNRkhGcA pic.twitter.com/PFUl1tFIaX
— Lookonchain (@lookonchain) October 9, 2023
Ethereum’s on-chain data caused anxiety!
Ethereum Foundation transferred the USDCs obtained from its ETH sales to the Ethereum-based ecosystem platform Gnosis Safe. The wallet in question has not been active for 2 years. The selling Ethereum Foundation wallet currently contains a total of $3,687 million in assets, including 240 ETH, 3,238 million USDC, 49,700 DAI and 10,000 ARB.
In light of the data shared on CoinGecko, the Ethereum price has lost 2.50 percent since the sale transaction, falling from $1,621 to $1,580. In addition, both Ethereum founder Vitalik Buterin and the Ethereum Foundation came to the fore with their Ethereum sales in the past period. Another striking detail comes to mind that Buterin and the Ethereum Foundation transferred 15,200 ETH (30 million 400 thousand dollars) to Kraken in May.
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