Foundation sold $2.7 Million ETH on Uniswap DEX//10% to tron-fan-club//Date:18 October 2023

Foundation is the body that is a non-profit organization and it works for the betterment of the Ethereum chain and its token called eth. Recently this foundation had sold 2.7 million worth of Ethereum coin in the market and the exchange they have chosen is one of the leading decentralized exchanges in the market. Because of this sale in the market, the Ethereum Price has gone down by 5% in the last seven days. Now people are talking about different things about Ethereum and they are taking the sale as negative because they are saying that if the foundation itself does not believe in the project then how will other people do?

---

As per the current market cap, Ethereum is the leading project in terms of the coin price as well as the adoption in the market. The Aquarium Foundation is a nonprofit organization but they have expenses so they sell the tokens to cover the cost which seems a necessity because one has to do this part so that they can maintain the expenses arising from the team and different operations.

---

However, this price change is not a big thing because, in the crypto market, the fluctuation of five to 10% is not considered as a big change so this one is also pretty normal. The only concerning point here is that people do not expect the Ethereum foundation to sell up the tokens but seems they have got their valid regions and because of that, they are trying to sell some and manage the expenses of the organization.

---

It's normal in my case because obviously in the crypto market, we cannot expect the holders to stop sending and it is the nature of the market that people will buy or sell whenever they like.

---

Pixabay

---

---

---

VOTE @bangla.witness as witness

OR

SET @rme as your proxy

---

To visit my post