The Ethereum Foundation has sold another 100 ETH, adding to a series of sell-offs this year. The foundation has sold a total of 4,466 ETH, valued at around $12.62 million, despite holding a significant $970.2 million in treasury. Ethereum co-founder Vitalik Buterin claims the ETH is sold to fund public projects and maintain reserves, but the constant selling is raising concerns. Market watchers are worried about the impact on ETH's price, especially as exchange reserves have risen and the Relative Strength Index (RSI) suggests a possible 12% price decline.



Other News from Today