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ETH FOUNDATION, they’re still selling… and not done yet😡. continuing its slow drip.
So far, they’ve offloaded 3,750 $ETH ...around $8.3M, with an average exit near $2,214.
But here’s the part that matters .. they’re not finished. There’s still about 1,250 ETH (~$2.7M) left to go. And yes, it’s not a massive amount compared to market size… but when it’s the Foundation, people pay attention. It’s less about the size and more about the signal...consistent selling, piece by piece.
WE THINK: Still… until that last chunk is cleared, there’s always that small overhang sitting there in the background.