Ethereum Foundation-Linked Wallet Sells Another 1,000 ETH After Two Weeks
Summary
- According to on-chain analytics firm Lookonchain, a wallet linked to the Ethereum Foundation sold 1,000 Ether after about two weeks.
- The transaction was valued at about $2.13 million, and the sale came with Ether down about 7.7% from the previous sale.
- It has not been confirmed whether the wallet sale was part of the Ethereum Foundation's official asset disposal plan, or what the specific purpose of the transaction was and whether additional sales will follow.
Forecast Trend Report by Period
A cryptocurrency wallet linked to the Ethereum Foundation has resumed selling Ether after about two weeks.
On Nov. 10, on-chain analytics firm Lookonchain reported that 1,000 Ether was sold from a wallet known to be tied to the Ethereum Foundation. The transaction was valued at about $2.13 million.
It was the wallet's first Ether sale in about two weeks. No additional selling had been observed after the previous transaction from the same wallet, but another large sale took place on Nov. 10.
Ether was down about 7.7% from its level at the time of the previous sale. The latest transaction came even as the token remained under pressure.
It has not been confirmed whether the wallet activity was part of an official asset disposal plan by the Ethereum Foundation. The specific purpose of the latest sale, and whether more selling will follow, also remain unclear.
