Deep Tide TechFlow news, on July 11, according to on-chain analyst Yu Jin's monitoring, Ethereum Foundation member @hwwonx clarified that the 1,210 ETH sold this morning came from the nonprofit development organization Argot Collective, not from the Ethereum Foundation itself. This batch of ETH originated from the 7,000 ETH transferred to Argot Collective by the Ethereum Foundation on July 4, as funding for its three-year operations. Argot Collective had previously indicated that it would gradually convert these ETH into stable assets. The 1,210 ETH sold fetched 3.496 million USDC, with an average transaction price of $2,889.5.