Ethereum Foundation-Linked Crypto Wallet Sells $33.25 Million In $ETH
A wallet linked to Ethereum Foundation has recently conducted a crucial sale of Ethereum ($ETH). As per the data from Lookonchain, the Ethereum Foundation-linked crypto wallet has sold up to $33.25M in $ETH over past 3 days. The on-chain analytics provider has mentioned in a recent X post that this sale takes place after the respective wallet bought up to $40.2M in $ETH in June 2022. Hence, the timing of the latest sale indicates the planned trading strategy, getting profits amid the market peaks.
Ethereum Whale Wallet Engages in Profit-Taking, Sells 7,294 $ETH
The market data reveals that the Ethereum Foundation related wallet has sold 7,294 $ETH, accounting for $33.25M in total. The sale occurred years after the…
