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Ethereum Foundation Sells 7,294 ETH at $4,558 Avg — Monitor for Short-Term Supply Pressure

I note that a wallet linked to the Ethereum Foundation (0xF39d) sold 7,294 ETH over the past three days at an average price of $4,558, realizing roughly $33.25M.

The same wallet bought 33,678 ETH in June 2022 at about $1,193, so these sales lock in substantial gains. I view this as neutral for long-term fundamentals but a potential source of short-term selling pressure.

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Analysis

The sale converts a large, low-cost position into realized profit. While $33M of ETH is notable, it is small relative to ETH's circulating supply and daily volumes, so market impact should be limited ...

Recommendation

Monitor the foundation-linked wallet and on-chain outflows. Do not react to a single sale—watch for continued distribution before changing exposure.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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