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The Ethereum Foundation sold 7,500 ETH for 14.52 million USDS over four days, including a final 2,500 ETH tranche worth roughly $4.71 million swapped for 4.597 million USDS via CoWSwap, according to Onchain Lens. The sales imply an average price near $1,936 per ETH across the period. The conversions into the stablecoin USDS add to a recent pattern of Foundation treasury diversification, and the transfers are closely tracked as a sentiment gauge for the second-largest crypto asset. Traders will watch whether the Foundation continues selling at this pace and whether the USDS proceeds are deployed into grants, staking, or other operational spending.

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Ethereum Foundation, ETH (ETH), USDS, CoWSwap, Onchain Lens

A linked name opens that asset's sentiment page.