The address related to the Ethereum Foundation has just sold 1,694.8 ETH for approximately 7.72 million USD in the past 2 hours.
This address currently holds 1,500 ETH and has received a total of 20,756 ETH from the Ethereum Foundation 8 years ago, with the first transaction occurring 10 years ago when the price of ETH was only 0.875 USD.
MAIN CONTENT
The Ethereum Foundation address sold 1,694.8 ETH in the past 2 hours, equivalent to 7.72 million USD.
The address currently holds 1,500 ETH after the transaction.
Has received a total of 20,756 ETH from the Ethereum Foundation over the past 8 years.
How much ETH has the Ethereum Foundation address sold recently?
The address related to the Ethereum Foundation has sold a total of 1,694.8 ETH on the Blockchain in the past 2 hours, with an estimated value of approximately 7.72 million USD.
This transaction demonstrates that cash flow continues to be managed and moved from the major wallets of the Ethereum ecosystem, playing a crucial role in regulating liquidity and the financial activities of the system.
Statistics on this sale action show transparency in asset management as well as the movement of ETH supply in the long term.
How much ETH does this address currently hold?
After the recent transaction, the address still holds 1,500 ETH, reflecting a substantial amount of retained capital after many years.
Retaining this amount of ETH indicates an intention to keep a portion of the address's long-term assets, thereby affecting supply and demand in the market for ETH.
Maintaining a large amount of ETH in the wallet also facilitates subsequent movements related to investment or portfolio restructuring.
What is the transaction history of the address related to the Ethereum Foundation?
This address has received a total of 20,756 ETH from the Ethereum Foundation over the past 8 years, starting about 10 years ago when the ETF first appeared with ETH priced at only 0.875 USD.
This long history reflects the accumulation and distribution process of ETH by one of the most important supply management organizations in the ecosystem.
Monitoring such long-term transactions helps investors better understand the behavior of large organizations and its impact on the global cryptocurrency market.
“Managing cash flow and assets in the Ethereum ecosystem is key to maintaining the stability and sustainable development of the network.”
Chief Financial Officer of the Ethereum Foundation, 2023
Frequently Asked Questions
Does the Ethereum Foundation address sell ETH regularly?
The related address seems to perform periodic transactions to regulate assets but does not disclose a fixed frequency.
Does the sale of 1,694.8 ETH affect the price of ETH?
Large transactions can affect short-term liquidity, but the cryptocurrency market has many complex factors influencing prices.
How to verify the origin of ETH of this address?
Information is transparent and publicly available on the Blockchain, allowing anyone to verify transaction history and the source of ETH.
What does holding 1,500 ETH mean?
This shows that the address still maintains a large amount of assets, which can serve long-term investment goals or fund management.
What role does the Ethereum Foundation play in the ETH ecosystem?
The Ethereum Foundation is an organization that supports the development of the Ethereum Blockchain and manages the initial supply of ETH.
Source: https://tintucbitcoin.com/ethereum-foundation-ban-1-695-eth-nhanh/
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