Ethereum price breaks through $3,000 after ETH Foundation moves 21,000 ETH in the past two months

2025-07-14 19:33:45 分类：Blockchain 阅读(36746)

Earlier today, on-chain monitoring firm PeckShield reported that Ethereum Foundation has moved a total of 21,000 ETH or approximately $62.8 million from its main trove to an internal address in the last two months. That address then moved a third of that chunk to a different address, approximately moving 7,000 ETH or $20.9 million.

Afterwards, the third address swapped 1,210 ETH for USDC (USDC) worth $3.5 million within the past 24 hours.

Many traders reacted negatively to the transfer, accusing the ETH Foundation of dumping its own native token. However, there were also traders that came to EF‘s defense by stating that it was part of the network’s new treasury policy.

“A lot of FUD going on right now about the Ethereum Foundation selling ETH, dont believe it!” said a trader with the X handle @digitalartchick.

“The Ethereum Foundation uses its 200K ETH treasury to participate in DeFi and generate yield, they do not sell ETH anymore since the leadership change this year,” the user continued in the post.

Earlier in June, the Ethereum Foundation informed the public that it would implement a new treasury strategy that would see the foundation executing more regular ETH sales to maintain a fiat reserve. It would also expand on its staking and DeFi deployments.

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