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X account @ai_9684xtpa said that an address suspected of being associated with the Ethereum Foundation 2 hours ago sold via CowSwap 2,785 units ETH, worth approximately 6420000 USD。
The Ethereum Foundation once again chose the most attention-grabbing way to sell: openly selling during a market pullback 🫠
Its associated address 0x5CB…22059 2 hours ago sold via CowSwap 2785 units of ETH, worth 6420000 USD; this was another sell-off by an entity associated with the Foundation after depositing 10.12; at the time, the token price was still$ETH, and it has now fallen by nearly$2534 9%Wallet address https://t.co/7EK9IAacjx
The Ethereum Foundation once again chose the most attention-grabbing way to sell: openly selling during a market pullback 🫠
Its associated address 0x5CB…22059 2 hours ago sold via CowSwap 2785 units of ETH, worth 6420000 USD; this was another sell-off by an entity associated with the Foundation after depositing 10.12$ETH; at the time, the token price was still$2534, and it has now fallen by nearly 9%
Wallet address https://t.co/7EK9IAacjx
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The following is analysis, separate from reported facts. Verify important claims independently.
ETH: If the sale and address attribution are confirmed, a relatively large ETH sale would increase market concerns about potentially sustained selling pressure.
Subject of interest:ETH. Observation period: short term
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