The Ethereum Foundation sold 1,700 ETH for 2.74 million USDC.

The Ethereum Foundation sold 1,700 ETH for 2.74 million USDC.

Business Uncategorized
October 11, 2023 by Bitforum
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According to transaction data from analytics firms, the Ethereum Foundation liquidated approximately 1,700 ETH valued at 2.7 million USD, subsequently converting it all into the USDC stablecoin.
ETH-whale

The Ethereum Foundation converted 1,700 ETH to USDC via the decentralized exchange, Uniswap. The associated wallet now holds assets worth around 3.7 million USD, including 240 ETH along with USDC, DAI, and ARB tokens.

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