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December 10, 2024

Ethereum Foundation Continues ETH Sales, Market Impact Expected

The Ethereum Foundation has continued its recent trend of selling Ethereum, stirring concerns in the market. On-chain data indicates that the foundation sold 100 ETH, receiving over 300,000 DAI in return. Market observers are worried about the potential implications of such sales on ETH’s price moving forward. The non-profit organization’s actions reflect a significant market influence, causing speculation among investors. As the Ethereum landscape evolves, traders are closely monitoring how these sales affect overall market dynamics. Could further ETH sell-offs signal a trend or contribute to declining prices?

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