As we entered an important week in Bitcoin and cryptocurrencies, there was a sale on the largest altcoin Ethereum front.
According to Lookonchain's post, a wallet belonging to the Ethereum Foundation sold 1,700 $ETH about half an hour ago.
The Ethereum Foundation sold these ETHs for 2.74 million $USDC at a price of $1,611.
“Ethereum Foundation wallet 0x9ee4 sold 1,700 $ETH for 2.74 million $USDC at $1,611 30 minutes ago.”
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
The address currently contains 240,678 $ETH, 7,096 $USDC, 49,658 DAI and 10,125 ARB.
Ethereum is trading at $1,614 at the time of writing.
*This is not investment advice.