Ethereum Foundation Sells Another 100 ETH for 307,893 DAI

Highlights:

• Ethereum Foundation has sold another 100 ETH tokens for 307,893 DAI.
• The recent selloffs come a few days after the organization has sold 100 ETH for $336,475.
• Ethereum’s price decline possibility is making rounds following the consistent dumpings.

Renowned On-chain crypto transactions tracker Spotonchain has reported another Ethereum (ETH) sell-off by the Ethereum Foundation, a Swiss-based non-profit-oriented organization with an interest in Ethereum and other related technologies. According to the on-chain tracker, the company has sold 100 ETH for 307,893 DAI.

For context, DAI is a stablecoin on the Ethereum Blockchain. It shares a 1:1 equivalent with the United States dollars. Hence, it invariably implies that the Ethereum Foundation made $307,893 from its most recent sales. Meanwhile, it is worth noting that the latest dumping happened a few days after the organization sold 100 ETH for $336,475.

Since this year began, Spotonchain noted that the Ethereum Foundation has dumped 300 Ethereum tokens at an average price of $3,271 per token, amounting to $981.2K in total expenditure. The on-chain tracker added that the consistent selloffs have resulted in Ethereum’s price drop as the token depleted by 7.33% today.

[ATTENTION] The Ethereum Foundation sold 100 $ETH for 307,893 $DAI again after just 7 days!

So far, 300 $ETH has been sold for $981.2K at an average price of $3,271 in the first 27 days of 2025.

The $ETH price dropped by 7.33% today!

Follow @spotonchain and set alerts for the… https://t.co/dWJ0ys7wfw pic.twitter.com/7AOzVLsadO

— Spot On Chain (@spotonchain) January 27, 2025

Relaying a similar sell-off by the Ethereum Foundation, another on-chain analytical outlet, Lookonchain, added that since January 2, the Ethereum Foundation has succeeded in selling 4,766 ETH tokens. Going further, Lookonchain noted that the company has made $13.6 million from more than one year of steadfast ETH sales.

The #Ethereum Foundation sold another 100 $ETH($308K) 2 hours ago!#Ethereum Foundation has sold a total of 4,766 $ETH($13.6M) since Jan 2, 2024.https://t.co/2QQz2WqNkg pic.twitter.com/vY11JVlnei

— Lookonchain (@lookonchain) January 27, 2025

Ethereum Suffers Massive Hit

Like the entire crypto market, which is down by about 8% – Ethereum has mirrored a similar pattern. In the past 24 hours, ETH has depleted by about 6%, which plummeted its selling price to about $3,100. Within the same timeframe, Ethereum displayed minimum and maximum price levels, ranging between $3,030.85 and $3,342.18, respectively.

The above price extremes highlight Ethereum’s recent predicament, which invariably underscores increased tendencies for the token to fall below $3,000. Notedly, ETH’s decline appears obvious in its other extended period price change variables. Its 7-day-to-date, 14-day-to-date, and month-to-date variables reflected declines of about 9.2%, 0.3%, and 8.7%, respectively.

Other relevant statistics revealed that Ethereum’s market capitalization has dropped to approximately $368.995 billion. Despite the concerning declines, Ethereum’s 24-hour trading volume has jumped significantly by about 135.68% and boasts a $30.07 billion valuation. The markedly raised 24-hour trading value implies a busy network, which could be because traders are capitalizing on the price declines to acquire more ETH tokens.

Market Experts Remain Positive Despite Ethereum’s Dwindling Price Actions

Contrary to the usual Fear, Uncertainty, and Doubt (FUD) that has probably become the order of the day among market participants, most market experts have remained highly optimistic about Ethereum’s recovery potential. Among market observers who have remained positive about Ethereum’s future, TedPillows appears to be at the top of the list.

In one of his tweets that has attracted considerable attention, TedPillows shared insights into why Ethereum at $4,000 could happen by the end of this month. In his tweet, he highlighted five driving factors that could catalyze Ethereum to the projected price levels.

Aside from the usual positive Donald Trump’s influence, the expert noted that Ethereum co-founder Vitalik Buterin is working on rolling out new features that will positively impact ETH’s price. They include lower fees, better staking features, and improved burn mechanisms.

Other factors in TedPillows’ submission include Ethereum Exchange Traded Funds (ETFs) perceived impacts, Ethereum’s position as a top stablecoin leader, and finally, the possibility of including Ethereum in the strategic reserves for digital assets.

Yes, I made a bold prediction—Ethereum will hit $4,000 by the end of the month.

Here’s why I believe an epic rally is coming. The signals are clear👇🏻:

▫️Trump's Connection: Trump owns BTC (wrapped on Ethereum), runs a DeFi project on Ethereum, and his largest crypto holding is…

— Ted (@TedPillows) January 27, 2025