According to information shared by Spot On Chain, three wallet addresses associated with the Ethereum Foundation have sold a total of 15,455 ETH in the past week.
Reportedly, two main wallet addresses of the Ethereum Foundation sold 200 ETH at a price of approximately $3,724, exchanging them for 744,722 DAI. Since early 2024, they have sold 2,166 ETH at a price of 6.21 million DAI. It is worth mentioning that sales by the Ethereum Foundation typically occur before a general market price decline.
On the other hand, a wallet address starting with 0xdb3 deposited 15,255 ETH (approximately $55.6 million) into Kraken at a price of $3,648 about three days ago. The ETH in this wallet address primarily comes from the Ethereum Foundation wallets and Ethereum ICO participants.