Ethereum Surges Past Four Thousand Six Hundred Dollars—Foundation Sells Twelve Point Eight Million Dollars Worth of ETH Amid Rally
Ethereum’s unstoppable rally saw prices climb over four thousand six hundred dollars, reigniting crypto market enthusiasm. But within hours, the Ethereum Foundation-linked wallet offloaded two thousand seven hundred ninety-five ETH—worth nearly thirteen million dollars—across two transactions. The largest sale of one thousand one hundred ETH, valued at just over five million dollars, happened in a rapid five-minute span. While such sales often prompt market speculation, these treasury moves are routine for supporting ecosystem growth. Still, given the market’s psychological tilt, even ordinary foundation activities can stir near-term sentiment and price reactions.
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