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REGULATION
by
8 months ago

Ethereum Foundation has sold $10 million worth of ether this year

2024-10-01

REGULATION
by
8 months ago


Lookonchain on X: "The #Ethereum Foundation sold 100 $ETH($263K) again 30 mins ago! #Ethereum Foundation has sold a total of 3,766 $ETH($10.46M) this year. 


The Ethereum Foundation has sold a total of 3,766 ether worth $10.46 million in 2024. This consistent selling has been part of their strategy, with sales occurring approximately every 11 days.

 

Despite these sales, the price of ETH has remained relatively stable, currently around $2,610.

 

As of the latest publicly available information, the Ethereum Foundation held approximately 0.3% of the total supply of Ether (ETH). This figure was disclosed in the Foundation's public reports and transparency updates. Given that the total supply of Ether as of 2024 is around 120 million ETH, this means the Ethereum Foundation holds approximately 360,000 ETH.

 

The last major update, which came in April 2022, indicated that the Ethereum Foundation held $1.3 billion in assets (0.3% of total ETH supply), of which 99.1% was held in cryptocurrency, including about 80% in ETH.

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