<ul data-eligibleForWebStory="false"><li>The Ethereum Foundation sold 1,210 ETH for approximately $3.5 million in USDC via Uniswap V4, averaging $2,889.50 per ETH.</li><li>The sale aligns with the Foundation's strategic asset management practices rather than being a panic move, supporting operational expenses transparently.</li><li>While the Foundation is selling ETH, whales and institutional wallets are heavily accumulating it, with over $358 million in ETH acquired in the past 24 hours.</li><li>Despite the Ethereum network's increased usage and higher TVL, demand for ETH hasn't surged, leading to a drop in network fees and potentially influencing the Foundation's decision to sell.</li></ul>

Why the Ethereum Foundation Sold 1,210 ETH Today?

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