[Wu Blockchain News] Ethereum Foundation Sold 7,500 ETH for 14.52M USDS Over Four Days
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The Ethereum Foundation sold another 2,500 ETH for 4.597 million USDS via CoWSwap, bringing its four-day total to 7,500 ETH exchanged for roughly 14.52 million USDS, with the latest proceeds moved to a Safe multisig wallet. The sales come as ETH fell below $1,850, and the foundation's continued liquidation of holdings may draw scrutiny over its treasury strategy amid weak sentiment for the asset. Traders will watch whether the Foundation keeps converting ETH at this pace and whether the transfers to its multisig precede further deployments or sales.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Ethereum Foundation, ETH (ETH), USDS, CoWSwap, Safe
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