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Project update
Ethereum Foundation-linked wallet sells 7,500 ETH for $14.5M in four days
A wallet affiliated with the Ethereum Foundation has sold another 2,500 ETH through CoW Swap, receiving 4.597 million USDS in return. The proceeds were then moved to a multi-signature Safe wallet.
Over the past four days, the wallet has sold a total of 7,500 ETH for roughly $14.52 million in USDS.
The latest batch implies an average price of about $1,839 per ETH, below the roughly $1,936 average across the full four-day series. Sales from foundation-linked wallets are closely watched by the market as a signal of treasury management and potential sell pressure.
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