The Ethereum Foundation has been consistently selling ETH over the past three weeks, with the latest sale being 300 ETH exchanged for $707,328 worth of DAI stablecoins. In total, the foundation has sold 650 ETH for $1.51 million. Despite this selling pressure, the price of Ethereum has been on the rise, increasing by 4.71% today and experiencing a 5.72% growth over the past 24 hours. The price spike was triggered by Bitcoin's surge, which was fueled by the Fed Reserve's announcement of an interest rate cut. Additionally, Galaxy Digital, an investment fund headed by Mike Novogratz, purchased 3,500 ETH for $8.91 million, increasing their total holdings to 65,368 ETH worth $166.68 million.



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