Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»The Ethereum Foundation is putting pressure on the market with $1.68 million in ETH sales.
ETHEREUM NEWS

The Ethereum Foundation is putting pressure on the market with $1.68 million in ETH sales.

By Crypto FlexsJanuary 23, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Ethereum Foundation is putting pressure on the market with .68 million in ETH sales.
Share
Facebook Twitter LinkedIn Pinterest Email

The Ethereum Foundation, a non-profit organization dedicated to the blockchain network ecosystem, liquidated $1.6 million worth of ETH, according to cryptocurrency analytics firm Arkham Intelligence.

Data from the platform shows that the foundation leveraged the CoW protocol to sell 700 ETH and obtain $1.6 million in DAI stablecoin. Afterwards, the funds will be sent to the address “0x9ee…” identified by Etherscan as the grant provider. 313D”.

This transaction, which may have occurred when ETH was worth around $2,400, is very similar to the previous transaction on January 16th. During this period, the foundation exchanged 100 ETH for $253,000 and the funds were also transferred to the grantor wallet.

Despite these recent sales, the Ethereum Foundation maintains a significant cryptocurrency portfolio. It currently holds 312.894K ETH worth approximately $747.4 million and 31.2K WETH worth $74.65 million. Additional holdings include $1.96 million in DAI, $113,610 in USDC, and $72,970 in BUSD.

Given the significant amount of ETH the Foundation holds, its trading activity often influences asset price movements. As a result, market observers often monitor trading to gain potential insight into an organization’s plans.

As a result of the Ethereum Foundation’s recent selling activity, the price of Ethereum fell 4.3%, and the current price of Ethereum is said to be trading at $2,386 as of press time. CryptoSlate’s data.

Ethereum’s Dencun upgrade

Interestingly, this funding movement coincides with the recent launch of the Dencun upgrade on Goerli, the Ethereum network’s testnet, on January 17th. This upgrade aims to alleviate gas fees and improve transaction speeds through improved layer 2 rollup of the network.

This upgrade is the most technological advancement the blockchain network has seen since the Shapella hard fork, which allowed withdrawals of staked ether (stETH).

However, after a bug delayed the network launch by about four hours, a patch fixed the issue and allowed the network to run smoothly.

Following Dencun’s testing schedule, the next phase of development will take place soon, with plans to upgrade to the Sepolia testnet and Holesky testnet.

ETH price and market data

At the time of reporting, Ethereum was second in market capitalization and the price of ETH was Under 4.59% In the last 24 hours. The market capitalization of ETH is $283.3 billion With 24-hour trading volume $10.18 billion. Learn more about ETH ›

TradingView ETHUSD Chart

Market Summary

At press time, the global cryptocurrency market was valued at: $1.59 trillion with 24 hour volume $51.22 billion. Current Bitcoin dominance is 50.06%. Learn more >

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Allocation Update – Q1 2025

May 11, 2025

Crypto.com officially joins the Adan Association for Cryptocurrency and Blockchain Development in France and Europe

May 15, 2024

VanEck predicts that the total market capitalization of Ethereum Layer-2 will increase to $1 trillion by 2030.

April 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.