Ethereum Foundation’s 100 ETH Sale Sparks Concerns: Price Drops by 7.9%
Recent reports indicate that the Ethereum Foundation sold 100 ETH on Wednesday. This sale continues a trend observed since January 2, 2024. So far, the Foundation has liquidated a total of 4566 ETH. These continued sell-offs have raised concerns about Ethereum’s stability as price responses indicate a sharp decrease of 7.9%. Observers are wary about the implications such sales might have on market sentiment and the overall Ethereum price trajectory. As the situation develops, traders should keep a close watch and consider potential strategies in response to these market movements.
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