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Ethereum Foundation sells 100 ETH as cryptocurrency price retreats
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THE Ethereum Foundation made its first sale of Ethereum (ETH) of the year at a challenging time for the market.
On the day January 8the foundation changed 100 ETH put 329,463 DAIa stablecoin pegged to the US dollar, according to the platform’s on-chain data Arkham Intelligence. Despite this movement, the organization still maintains a balance greater than US$900 million in ETH.
Information from SpotOnChain They also reveal a pattern in sales made by the foundation. In 2024for example, the organization sold a total of 4,466 ETHcollecting US$12.61 million at an average price of $2,823 per unit. Interestingly, these transactions often preceded significant falls in the Ethereum market.
The most recent sale occurs in the context of a sharp devaluation of ETH. In the last month, the price of cryptocurrency has fallen more than 13%retreating from $3,830 to $3,318according to data from CoinGecko.
Price volatility also had significant consequences for traders. Data from Coinglass indicate that speculative positions resulted in almost US$100 million in Ethereum-related settlements in the same period.
This movement highlights the impact that the decisions of large entities, like the Ethereum Foundation, can have on the market. Furthermore, reinforces the historical pattern in which ETH sales by the foundation are followed by fixes or periods of greater instability in the price of cryptocurrency.
Meanwhile, investors and analysts continue monitoring the foundation’s movementsgiven the significant volume of ETH still held by the organization and its potential impact on the market.
At the same time, there are those who believe that Ethereum will have a good year in 2025. As reported by Todaysgist, experts point out that the Ethereum is poised for a strong recovery and growth in the coming months.
Meanwhile, consultant Anthony Sassano, a prominent figure in the Ethereum community, predicts that ETH could reach $15,000 by 2025. Sassano also expects companies and traditional financial institutions (TradFi) increase your adoption of Ethereum.
Ethereum Foundation sells 100 ETH as cryptocurrency price retreats
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Ethereum Foundation sells 100 ETH as cryptocurrency price retreats
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Ethereum Foundation sells 100 ETH as cryptocurrency price retreats
