The Ethereum Foundation has announced plans to sell 1,000 ETH, with an approximate value of 4.5 million dollars, while the price of ETH surpasses 4,500 dollars for the first time since mid-September.
The sale, announced on October 4, will be executed using CowSwap's Time-Weighted Average Price (TWAP) function. This automated tool distributes large transactions over time to avoid sudden market disruptions.