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Ethereum Foundation Sells Again Despite Facing Backlash, What’s Next For ETH?

source-logo  coingape.com 27 January 2025 13:01, UTC

The Ethereum Foundation’s latest decision to sell massive amounts of ETH has sent shockwaves throughout the broader crypto industry. Amid a broader market slump witnessed on Monday ahead of FOMC and DeepSeek’s rise, EF offloaded 100 ETH, raising concerns over the asset’s future price trajectory. ETH price has tanked 7% in the past 24 hours, aligning with the broader trend and massive selloff.

coingape.com