Altcoin king Ethereum 
$3,382The organization behind (ETH) Ethereum Foundationsold 100 ETH about an hour ago today. With this transaction, it was the first ETH sale since the Ethereum Foundation’s 2024 report was published on November 8. With the 334 thousand 315 DAI (approximately 340 thousand dollars) obtained from the sale, the foundation continues to finance its projects by converting its crypto currencies into cash.
ETH Sales in 2024 Reached 4 Thousand 266 ETH
With this latest sale, the Ethereum Foundation will sell a total of 4 thousand 266 funds throughout 2024. ETH made the sale. The total revenue from these sales is around 11.83 million dollars and the average selling price per ETH is calculated as 2 thousand 773 dollars.
While making these sales, the Foundation Ethereum He states that he acts strategically, taking into account the market situation of other cryptocurrencies. In addition, according to the latest statements, the Ethereum Foundation’s asset reserves reached 970.2 million dollars as of October 31, 2024. $788.7 million of these reserves consist of cryptocurrencies, and 99.45 percent of this amount is held as ETH.
Ethereum Foundation’s Sales Strategy
The Ethereum Foundation stated in its annual reports that ETH sales will be carried out regularly to support foundation projects and ensure financial sustainability. The foundation plans to use the income it receives to support core projects in the Ethereum ecosystem and strengthen its reserves.
With regular ETH sales, it is aimed to provide continuous financial support to projects that will contribute to the growth of the Ethereum ecosystem. These sales are also carefully monitored by the Ethereum community and provide a transparent perspective on the foundation’s financial moves.
Ethereum Foundation’s ETH sales and strategic reserve management throughout 2024 cryptocurrency marketIt is considered as an effort to increase its resilience against financial fluctuations and create a sustainable financial structure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
