Huo Xing Cai Jing reports that on October 26, according to Onchain Lens monitoring, the Ethereum Foundation just sold 6.42 million USD worth of ETH, exchanging 2,785 ETH (approximately $6.42 million) for USDS via CoWSwap.
Ethereum Foundation sells 2,785 ETH worth $6.42M via CoWSwap
MarsBitShare
Summary
The Ethereum Foundation sold 2,785 ETH ($6.42M) via CoWSwap on October 26, according to Onchain Lens data. The transaction aligns with on-chain trading signals indicating increased activity from major holders. Traders are now assessing the risk-to-reward ratio following the large ETH sale.
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