1 year ago
The Ethereum Foundation exchanged 1700 ETH connected Uniswap for $2.738 cardinal worthy of USD Coin (USDC) today, Oct. 9., astatine an mean terms of $1,611, according to on-chain data.
In the trading time since, ETH saw its terms tumble arsenic debased arsenic $1,553 earlier seeing a flimsy betterment to $1,577, wherever it stood astatine property time.
The Arkham Intelligence dashboard reveals that the Foundation received 1,700 ETH from a Gnosis Safe Proxy wallet. This ETH was subsequently converted into stablecoin via the Uniswap decentralized speech (DEX). Later, the Foundation returned $3.23 cardinal successful USDC to the Gnosis wallet.
The Arkham Intelligence dashboard reveals that the Foundation holds integer assets worthy $454,482 successful its wallet, including 240.68 ETH valued astatine $390,000, 3.238 cardinal USDC, 49,700 DAI, and 10,000 ARB tokens worthy $8500.
Buterin’s dumping spree
The Ethereum Foundation transactions are coming connected the heels of akin moves made by the blockchain network’s co-founder, Vitalik Buterin.
On Oct. 7, on-chain expert Lookonchain reported that an code “0xD04daa” related to Buterin transferred 1000 units of ETH (worth $1.64 million) into Bitstamp, a centralized crypto exchange.
According to the analyst, the aforesaid address has deposited 4,400 ETH, much than $7 cardinal to Bitstamp successful the past 2 months.
Before that, CryptoSlate had besides reported that the Ethereum co-founder had consistently transferred his ETH holding to exchanges astatine antithetic periods this year.
For context, Buterin sent implicit 1,000 ETH to exchanges, chartless addresses, and a Gnosis Safe Proxy wallet during a seven-day play successful September. Before that, helium had transferred 600 Ether to Coinbase successful August and 200 ETH to Kraken successful March.
Despite these caller sales, Buterin inactive maintains a important Ethereum holding. Data from the Arkham Intelligence dashboard reveals his ownership of astir 250,000 ETH units, valued astatine astir $400 million, wrong his cryptocurrency wallet.
The station Ethereum experiences rocky trading time aft Ethereum Foundation selloff appeared archetypal connected CryptoSlate.
English (US) 