Ethereum Foundation Sells 2,166 ETH in 2023

IconCryptoNewsTerminal Staff11 Jun, 2024

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Ethereum Foundation Sells 2,166 ETH in 2023

As per data from SpotOnChain, the Ethereum Foundation's main wallet has sold a total of 2,166 ETH this year. The foundation's ICO participant wallet, 0xdb3, also recently deposited 15,255 ETH (approximately $55.6 million) into Kraken. The reasons behind these transactions are not entirely clear. However, it is worth noting that the Ethereum Foundation has been actively selling ETH since 2016. In total, the foundation has sold over 125,000 ETH, raising billions of dollars to fund its operations and support the development of the Ethereum network. ```