The Ethereum Foundation, the non-profit dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a huge sum of ETH at the November top. The findings came to light by Edward Morra, a widely-followed cryptocurrency trader, and technical analyst, who dug into the Foundation’s historical account data.
Ethereum Foundation Dumped At The Top
Participants at the Ethereum Foundation seem to be well aware of when they should cash out a portion of their stake before the music stops playing.
Morra observed that the Foundation sold 20,000 Ether on Kraken exchange at the time when the world’s second-largest cryptocurrency by market value reached a historic peak. ETH set an all-time high of $4,891.26 on November 16, while the Ethereum Foundation dumped its coins the next day.
Source: https://zycrypto.com/ethereum-foundation-cashed-out-a-large-sum-of-eth-at-the-peak-yet-again/