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24/04/26 14:41 UTC-04

The Ethereum Foundation announced another ETH sale! This time, twice as much was sold as last time!

Fiat money, funds Fiat money, funds
Fiat money, funds The Ethereum Foundation announced another ETH sale! This time, twice as much was sold as last time!

The Ethereum Foundation, the main organization behind the Ethereum ecosystem, announced another sale following a recent one. In its statement, the Foundation reported that the sale of 10,000 Ethereum tokens ($ETH) was completed today.

According to the statement, the sale was carried out through over-the-counter (OTC) transactions at an average price of $2,387. In total, $ETH worth $23.87 million was sold. The counterparty to the deal was identified as Bitmine, a company engaged in cryptocurrency investments. OTC transactions are known for allowing large-volume sales without sharp fluctuations in market price.

Related news: Iran announced receiving its first transit fee for passage through the Strait of Hormuz! It was previously reported that the fee would be paid in bitcoin!

The Ethereum Foundation stated that the proceeds from the sale will be used to fund the organization’s core activities. These funds will be allocated to areas such as protocol development, research and development (R&D), ecosystem development, and community grant programs.

This latest sale is notable as it follows a previous $ETH sale organized by the Foundation on April 8, when developers sold 5,000 $ETH via TWAP.

See also: "Bitcoin ETF inflows turned fully positive across all major timeframes, led by BlackRock’s IBIT"

#Ethereum (ETH) #Ethereum #Sell

Editor: Alyona Nabok
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