Ethereum Foundation Sells Another 100 ETH Worth $336K

The Ethereum Foundation has sold 100 ETH worth $336,000, adding to a pattern observed over the past year. Data from Lookonchain reveals that the foundation has offloaded a total of 4,566 ETH, valued at $12.96 million, across 33 trades. Interestingly, 16 of these sales were made at market peaks, highlighting their strategic timing. This latest move comes as Ethereum’s price has dropped nearly 10%, now trading around $3,264. The consistent sales by the Ethereum Foundation have raised questions about potential price pressure on ETH in the short term.