Summary
- According to on-chain analytics firm Lookonchain, a wallet linked to the Ethereum Foundation sold 1,000 Ether on the day in a transaction worth about $2.13 million.
- The wallet had carried out a sale transaction about two weeks earlier and showed no further activity after that, before disposing of another large batch on the day.
- The foundation-linked wallet continued selling even with Ether down about 7.7% from the previous sale, and it remains unclear whether this was part of an official asset disposal plan or whether there will be additional sales.
Forecast Trend Report by Period
A cryptocurrency wallet linked to the Ethereum Foundation has resumed selling Ether after about two weeks.
According to on-chain analytics firm Lookonchain, the wallet sold 1,000 Ether on November 10. The transaction was worth about $2.13 million.
The sale marked the wallet's first Ether sale in roughly two weeks. After an earlier transaction from the same wallet, no additional selling had been observed until another large disposal took place on November 10.
Ether was down about 7.7% from its level at the time of the previous sale. The foundation-linked wallet continued selling despite the token's weaker price performance.
It remains unclear whether the transaction was part of an official asset disposal plan by the Ethereum Foundation. The specific purpose of the sale and whether additional sales will follow are also unknown.
Suehyeon Lee
