Ethereum Foundation Dumps $18M in ETH as Price Nears All-Time High
The post Ethereum Foundation Dumps $18M in ETH as Price Nears All-Time High appeared on BitcoinEthereumNews.com.
A wallet linked to the Ethereum Foundation has moved millions of dollars’ worth of ETH. This coincided with the price’s recent rally, as the token edges closer to its all-time high. Ethereum Foundation Sells $18M ETH Amid Price Rally Blockchain data shows that a wallet associated with the Ethereum Foundation sold 4,095.18 ETH for approximately $18.75 million in DAI, averaging $4,578 per token. Source: Etherscan This transaction followed a string of earlier sales, including 1,694.8 ETH worth $7.72 million just hours before. The wallet sold another 1,100 ETH worth $5.06 million at an average price of $4,602. In total, over 2,794 ETH, valued at $12.78 million, was sold in the first two hours. Despite these sizable transactions, the market barely flinched. Traders say this shows Ethereum’s liquidity depth and the growing role of long-term holders, in contrast to the more volatile reactions seen in past cycles. The Ethereum Foundation isn’t the only major seller. An entity called “7 Siblings” has offloaded nearly 20,000 ETH for about $90.4 million USDC at an average of $4,532. They were famous for scooping up 100,000 ETH during last year’s August 5 crash. Even after the sale, they reportedly hold around 280,000 ETH, worth $1.3 billion at current prices. Source: Lookonchain They had earlier acquired 103,543 $ETH worth $229.7 million at an average price of $2,219 between February 3 and April 7. Ethereum Price Holds Strong, Eyes ATH Despite Sell-Off The Ethereum price has surged 8.36% in the past 24 hours, adding to a 28.17% weekly rally. It recently broke the $4,600 resistance level, with indicators signaling bullish momentum. Spot Ethereum ETFs have attracted $523.9 million in daily inflows, absorbing roughly 113,000 ETH a day. Source: CoinMarketCap Just yesterday, the price broke the $4,400 resistance after BitMine Immersion Technologies announced it would raise its stock…
Filed under: News - @ August 13, 2025 10:28 am