• The Ethereum Foundation recently sold 100 Ethereum tokens worth $240,000.
• Users suspect Vitalik Buterin may be selling off his ETH holdings.
• Ethereum has been under bearish pressure since May 2024.

The Ethereum Foundation recently sold 100 ETH tokens worth $240,000 amid declining prices. An X user who reported the sale noted that the same address had sold 2,616 ETH on the chain in the past eight months, with a total value of $7.64 million and an average selling price of $2,921.

While the X user highlighted several previous transactions by the Ethereum Foundation involving significant ETH transfers, no reason was provided. This has fueled speculation within the crypto community about a potential selloff of Ethereum holdings by the Ethereum Foundation, possibly even implicating Ethereum co-founder Vitalik Buterin.

Read also: Vitalik Bu…

The post Buterin Denies ETH Dumping as Foundation Cashes Out $240K appeared first on Coin Edition.

• The Ethereum Foundation recently sold 100 Ethereum tokens worth $240,000.
• Users suspect Vitalik Buterin may be selling off his ETH holdings.
• Ethereum has been under bearish pressure since May 2024.

The Ethereum Foundation recently sold 100 ETH tokens worth $240,000 amid declining prices. An X user who reported the sale noted that the same address had sold 2,616 ETH on the chain in the past eight months, with a total value of $7.64 million and an average selling price of $2,921.

While the X user highlighted several previous transactions by the Ethereum Foundation involving significant ETH transfers, no reason was provided. This has fueled speculation within the crypto community about a potential selloff of Ethereum holdings by the Ethereum Foundation, possibly even implicating Ethereum co-founder Vitalik Buterin.

Read also: Vitalik Bu…

The post Buterin Denies ETH Dumping as Foundation Cashes Out $240K appeared first on Coin Edition.