{"id":233955,"date":"2024-01-22T22:48:48","date_gmt":"2024-01-22T17:18:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=233955"},"modified":"2024-01-22T22:48:48","modified_gmt":"2024-01-22T17:18:48","slug":"ethereum-foundation-sells-1-6m-of-eth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-foundation-sells-1-6m-of-eth-crypto-news\/","title":{"rendered":"Ethereum Foundation Sells $1.6M Of ETH – Crypto News"},"content":{"rendered":"

<\/p>\n

Ether dropped 4% after blockchain observers flagged a $1.6M sale of ETH for DAI by the Foundation.<\/p>\n

\n

Early Monday morning, a blockchain address<\/a> associated with the Ethereum Foundation sold $1.6M worth of ETH.<\/p>\n

According to on-chain data provider Arkham Intelligence, the wallet swapped a total of 700 ETH for DAI through four transactions on the Cow Protocol at an average price of $2,406.<\/p>\n

ETH dropped 3% on the news and has suffered a 6% drop on the week, last changing hands for $2,370, according to Coingecko<\/a>.<\/p>\n

<\/p>\n

ETH Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

There\u2019s no shortage of speculation regarding the reason for the Ethereum<\/a> Foundation offloading ETH \u2013 although it still holds<\/a> more than $738M in Ether.<\/p>\n

The organization had not issued a public statement at the time of writing.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ether dropped 4% after blockchain observers flagged a $1.6M sale of ETH for DAI by the Foundation. Early Monday morning, a blockchain address associated with the Ethereum Foundation sold $1.6M worth of ETH. According to on-chain data provider Arkham Intelligence, the wallet swapped a total of 700 ETH for DAI through four transactions on the […]<\/p>\n","protected":false},"author":2,"featured_media":233956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-233955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=233955"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233955\/revisions"}],"predecessor-version":[{"id":233957,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/233955\/revisions\/233957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/233956"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=233955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=233955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=233955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}