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Ethereum Foundation Swaps $1.6 Mln ETH For DAI Amid $120 Mln Whale Selloff

source-logo  coingape.com 22 January 2024 17:00, UTC

Ethereum Foundation, an NPO supporting the Ethereum (ETH) ecosystem, has engaged in a major ETH swap. The organization reportedly exchanged over $1.5 million worth of ETH for Dai (DAI) stablecoin. The swap was initiated right before the Ethereum price extended below the $2,400 level today.

coingape.com