The Ethereum Foundation has sold off seven hundred Ethereum through the Cow Protocol in at least three transactions.
The cryptocurrency intelligence firm Arkham Intelligence revealed the data which indicates that the Foundation amassed DAI valued at almost $1.68 million using the revenues.
Three separate transactions were made using the wallet address “0xd779332c5A52566Dada11A075a735b18DAa6c1f4” to transfer the sold Ethereum.
The 200 ETH was transferred throughout three sessions, with an average price of $2,406 for the Ethereum. A 100 ETH transfer was also made to complete the most recent actions.
Also Read: Ethereum Foundation Sells $2.7M ETH, Ether Slides 1.5%
