Ethereum Foundation Deviates from Historical ETH Selling Patterns

During previous bull markets, the ethereum Foundation has demonstrated great ability to time the market with its eth holdings.

However, the foundation appears to have departed from this established pattern.

The ethereum Foundation's unexpected sales restriction

The ethereum Foundation was found to have executed large eth sales near peak valuations in the past. This strategy has allowed the organization to capitalize on high prices and potentially secure funding for development and ongoing operations.

According to the latest report from IntoTheBlock x.com/intotheblock/status/1805508624854241339″ target=”_blank” rel=”noopener” data-wpel-link=”external”>dataThe Foundation has not yet engaged in any significant sales activity in this current market cycle.

Such a deviation raises important questions about the organization's current strategy based on the on-chain intelligence platform, as well as the future direction of the market. The fact that the ethereum Foundation is refraining from dumping eth tokens could mean that it believes the cryptocurrency has more growth potential.

eth has been down significantly x.com/PeckShieldAlert/status/1777270560038481965″ target=”_blank” rel=”noopener” data-wpel-link=”external”>pressure along with the cryptocurrency market in general. The asset has fallen to $3,370 this week. Therefore, such a case presents bullish sentiment despite a nearly 10% drop in its price over the last month.

Alternatively, the Foundation may have adopted a new approach to managing its assets.

“Historically, during each bull market, the Foundation has strategically sold substantial amounts, often aligning these sales almost perfectly with market peaks. In the current cycle, the ethereum Foundation has yet to make any significant sales. Does this mean the peak is yet to come or has the Foundation changed its focus?

Past eth Sales

In January of this year, Arkham Intelligence flagged a blockchain ADDRESS associated with the ethereum Foundation that sold eth worth $1.6 million.

Later in April, Peckshield Alert x.com/PeckShieldAlert/status/1777270560038481965″ target=”_blank” rel=”noopener” data-wpel-link=”external”>revealed that the Foundation had converted a portion of its eth holdings into stablecoins in April. According to the data, the foundation converted 100 eth into 354,000 DAI. During this time, eth was trading above $3,600.

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