- Over the past three weeks, the Ethereum Foundation sold a total of 950 ETH, worth more than $2.2 million.
- On September 20, the non-profit sold 300 ETH for over $760,000 as Ethereum’s price climbed above $2,500.
The Ethereum Foundation has once again liquidated ETH, selling 300 ETH valued at more than $760,000. On-chain data shows the foundation sold the 300 ETH on Friday at an average price of $2,543 — roughly 5% above the intraday lows near $2,440.
The organization had paused its selling activity for a short period, but resumed on September 20. Prior to the brief halt, the Ethereum Foundation had been one of the larger ETH holders reducing their positions while prices consolidated.
EF has sold Ether every 4–7 days
On September 6, the Ethereum Foundation sold 100 ETH for $226,868. That sale brought the foundation’s total sales over three weeks to 650 ETH, worth about $1.5 million.
According to on-chain intelligence platform Spot On Chain, the non-profit has sold 950 ETH since the beginning of September.
Those sales amount to more than $2.2 million, with an average sale price of $2,392. On-chain records show the Ethereum Foundation has been selling its native token at intervals of roughly every 4–7 days.
The Ethereum Foundation has sold $ETH… again!
In the past 20 minutes, they sold another 300 $ETH for 763,092 $DAI.
Overall, since the beginning of September, the Ethereum Foundation has sold 950 $ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days.… https://t.co/tnF0vK1zgs pic.twitter.com/jloNPcoHqZ
— Spot On Chain (@spotonchain) September 20, 2024
A script that embeds the original tweet has been removed to keep the page clean.
In May 2024, the Ethereum Foundation sold 1,000 ETH for more than $3 million, bringing its year-to-date total at that time to 1,766 ETH sold for over $4.8 million.
This latest round of selling follows a price recovery for Ethereum from lows below $2,200 reached earlier in the month.
At the time of writing, ETH was trading around $2,552 — up about 5% in the last 24 hours and roughly 8.5% over the past week. Those gains coincided with Bitcoin’s rise above $63,000 after this week’s 0.5% interest rate cut by the Federal Reserve.
Earlier coverage noted that five Bitcoin wallets from the Satoshi era, dormant for 15 years, recently moved a combined 250 BTC.