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Analytics account @spotonchain posted a tweet to inform the cryptocurrency community that today Ethereum The organization made its first sale in 2025, on January 8.
Ethereum Foundation Drops 100 ETH Amid Price Drop
The institution sold its traditional payment of 100 ETH for 329,463 DAI stablecoin. According to the same data source, throughout 2024 they disposed of a total of 4,666 ETH at an average price of $2,823, earning a total of $12.61 million. The tweet states that the Ethereum Foundation usually makes sales before a sharp price decline.
Its previous sale was in December – 100 ETH for 402,473 DAI. This was the second sale in a row where the organization disposed of 200 ETH for 776,800 DAI cumulatively.
Today's sale also took place amid a significant price drop, as the price of the second largest cryptocurrency, Ethereum, fell over the past day, by 9%. ETH fell sharply from $3,640, hitting a local low at the $3,308 price level. So far, ETH has partially trimmed its losses, rising 1.32%, and is trading at $3,351 per coin.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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