The Ethereum Foundation moved 10,000 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> — roughly $22.92M — to Bitmine via an over-the-counter transaction seven hours ago, continuing a pattern of steady selling that has drawn close market attention.
Zooming out, the Foundation and Vitalik Buterin's wallet have collectively sold 49,326 ETH worth $107.48M over the past three months, at an average price of $2,179. The scale and consistency of the OTC flow is notable: it suggests a deliberate treasury management programme rather than opportunistic selling, but the volume is large enough to weigh on sentiment at a time when ETH is already under pressure.
OTC routing limits direct market impact, but the disclosure of cumulative figures tends to dampen retail confidence. Watchers will be tracking whether the pace accelerates or tapers in the weeks ahead.
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