Ethereum Foundation-Linked Wallet Sells Additional 2,400 ETH Amid Market Rally

The post Ethereum Foundation-Linked Wallet Sells Additional 2,400 ETH Amid Market Rally appeared first on Coinpedia Fintech News

An Ethereum Foundation-linked wallet sold 2,400 ETH at $4,602, just hours after offloading 1,695 ETH for $7.72 million in DAI. The wallet originally received 20,756 ETH from the Foundation’s “EF 1” address in 2017. Such transactions are part of the Foundation’s routine treasury and funding strategy, supporting operations, grants, and ecosystem development. The sale comes as Ethereum trades near $4,600, reflecting strong institutional interest and market momentum.