The Ethereum Foundation (EF) has sold 3,766 ETH ($10.46 million) this year, Lookonchain experts said.
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.https://t.co/N8Hn22pTCZ pic.twitter.com/HEVvYKn4HA
— Lookonchain (@lookonchain) September 30, 2024
The last sale of 100 ETH for 262,470 DAI took place yesterday.
The Ethereum Foundation is a non-profit organization that develops, improves and promotes Ethereum and related technologies. It was founded in 2014 with the goal of developing a decentralized, open-source ecosystem.
In September, Ethereum researcher Justin Drake reported that EF has funds for approximately 10 years of operation, based on the current ETH price. The fund plans to release a financial report in the near future.
On main wallet The organization holds 271,274 ETH ($715 million at current exchange rates).
In August, the Ethereum Foundation moved 35,000 ETH ($94 million at the exchange rate at the time of the transaction) to the Kraken cryptocurrency exchange. EF Chief Executive Aya Miyaguchi called the transfer “part of financial management activities.” She stressed that the transaction does not mean an instant sale.
Previously, Buterin proposed developing a set of metrics to measure how projects “comply” with Ethereum values.
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Source: Cryptocurrency
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