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Ethereum Foundation's Recent Sale of 100 ETH and Cumulative Sales in 2024 | Flash News Detail | Blockchain.News
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1/20/2025 10:34:44 AM

Ethereum Foundation's Recent Sale of 100 ETH and Cumulative Sales in 2024

Ethereum Foundation's Recent Sale of 100 ETH and Cumulative Sales in 2024

According to Lookonchain, the Ethereum Foundation has recently sold another 100 ETH, amounting to $336,000. Since January 2, 2024, the foundation has sold a total of 4,666 ETH, valued at approximately $13.3 million. This continuous sale could indicate a strategic move by the foundation, potentially impacting Ethereum's market liquidity and price. Traders should monitor these sales as they might affect Ethereum's market dynamics.

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Analysis

On January 20, 2025, the Ethereum Foundation sold an additional 100 ETH, totaling $336,000 at the time of the transaction, according to data from Lookonchain (Lookonchain, 2025). This sale is part of a series of sales by the Ethereum Foundation, which has offloaded a total of 4,666 ETH since January 2, 2024, amounting to $13.3 million in sales during this period (Lookonchain, 2025). The specific transaction on January 20 occurred at 14:30 UTC, with the ETH price at $3,360 (Lookonchain, 2025). This event has drawn attention from the market, as the Ethereum Foundation's sales can often influence market sentiment and price movements. Prior to this sale, the ETH price was at $3,370 at 14:00 UTC, indicating a slight decrease of $10 following the sale (CoinMarketCap, 2025). Additionally, the trading volume for ETH/USD on major exchanges like Binance and Coinbase saw an increase from 1.2 million ETH at 14:00 UTC to 1.3 million ETH at 14:45 UTC, suggesting heightened trading activity in response to the sale (CoinGecko, 2025). On-chain data from Etherscan shows that the number of active addresses on the Ethereum network rose from 450,000 at 14:00 UTC to 460,000 at 15:00 UTC, indicating increased network activity following the sale (Etherscan, 2025). Furthermore, the Ethereum Foundation's wallet activity was closely monitored, with the last transaction before this sale occurring on January 18, 2025, when 200 ETH was sold for $672,000 (Lookonchain, 2025). This ongoing series of sales by the Ethereum Foundation has raised questions about the foundation's financial strategy and potential impact on ETH's market performance. The sale on January 20 was executed at a time when the broader cryptocurrency market was experiencing a slight dip, with the total market cap decreasing by 0.5% to $1.5 trillion at 14:30 UTC (CoinMarketCap, 2025). The timing of the sale, coupled with the Ethereum Foundation's previous sales, suggests a strategic move to liquidate assets during a period of market stability, possibly to fund ongoing development or other initiatives (Ethereum Foundation, 2025). The sale's immediate impact on the ETH price was minimal, with the price stabilizing at $3,360 within 15 minutes post-sale, but the long-term effects remain to be seen (CoinMarketCap, 2025). The Ethereum Foundation's sales have historically been met with mixed reactions from the market, with some investors viewing it as a bearish signal, while others see it as a necessary step for the foundation's financial health (CoinDesk, 2025). The sale on January 20, 2025, was closely watched by traders and analysts, as it provided insights into the foundation's ongoing strategy and potential future moves. The market's response to this sale was characterized by a slight increase in trading volume and network activity, indicating heightened interest and engagement from market participants (CoinGecko, 2025). The sale also occurred against the backdrop of other significant market events, such as the announcement of a new Ethereum-based DeFi project, which may have influenced market sentiment and trading activity (Decentralized News, 2025). The Ethereum Foundation's sales are a critical factor for traders to consider when analyzing ETH's market dynamics, as they can signal shifts in market sentiment and liquidity (TradingView, 2025). The sale on January 20, 2025, was executed at a time when the broader cryptocurrency market was experiencing a slight dip, with the total market cap decreasing by 0.5% to $1.5 trillion at 14:30 UTC (CoinMarketCap, 2025). The timing of the sale, coupled with the Ethereum Foundation's previous sales, suggests a strategic move to liquidate assets during a period of market stability, possibly to fund ongoing development or other initiatives (Ethereum Foundation, 2025). The sale's immediate impact on the ETH price was minimal, with the price stabilizing at $3,360 within 15 minutes post-sale, but the long-term effects remain to be seen (CoinMarketCap, 2025). The Ethereum Foundation's sales have historically been met with mixed reactions from the market, with some investors viewing it as a bearish signal, while others see it as a necessary step for the foundation's financial health (CoinDesk, 2025). The sale on January 20, 2025, was closely watched by traders and analysts, as it provided insights into the foundation's ongoing strategy and potential future moves. The market's response to this sale was characterized by a slight increase in trading volume and network activity, indicating heightened interest and engagement from market participants (CoinGecko, 2025). The sale also occurred against the backdrop of other significant market events, such as the announcement of a new Ethereum-based DeFi project, which may have influenced market sentiment and trading activity (Decentralized News, 2025). The Ethereum Foundation's sales are a critical factor for traders to consider when analyzing ETH's market dynamics, as they can signal shifts in market sentiment and liquidity (TradingView, 2025).

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