Today, the Ethereum Foundation made a massive financial move, selling 100 ETH for 374,334 DAI. This transaction highlights an increasing institutional appetite for stablecoin as blockchain foundations increasingly turn to it to stabilize volatility and maintain operational liquidity.
Source: X
Since 2024, the Foundation has reached $12.21 million through 4,366 ETH sales, with an average per ETH sale of $2,796.
This demonstrates the foundation’s growing reliance on DAI to stabilize its fiscal reserves against the foam and bust of the cryptocurrency cycle.
Ethereum Price Turbulence
Even to this day, Ethereum’s market performance is still highly susceptible to struggle.
Ethereum price today took a hit of 5% after the whole crypto market saw the selling of several digital assets.
Of note, the Foundation executed a sell-off just minutes before a large 4% Ethereum price tumble. This points to the possible correlation between big institutional moves and fast price movemen
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