Ethereum Foundation just made a big move — selling 2,795 ETH US$12.7M right as prices hit a yearly high.
📈 The Play-by-Play
ETH price pumped +7% in 24H, smashing through $4,600 🚀
Foundation wallet 0xF39…E4B sold 1,695 ETH @ $4,556, bagging 7.72M DAI 💵
Total sale = 2,795 ETH — timed perfectly with market hype.
🔍 Why It Matters
The Ethereum Foundation often sells ETH at market tops to fund development, grants, and ecosystem growth.
Large sales like this can spook traders if they think insiders are taking profits.
Still, selling into strength is a classic smart money move.
📊 Quick Take
Current ETH Price: ~$4,600 (Year’s High)
24H Change: +7%
Market Cap: ~$552B
Main Driver: Market-wide bullish sentiment + ETH staking demand.
Big picture? This is not Ethereum “dumping” the market — it’s the foundation securing funds while ETH is hot.
⚠️ DYOR. Not financial advice.
Stay sharp and stay informed
