{"id":481917,"date":"2022-01-25T07:58:09","date_gmt":"2022-01-25T07:58:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=481917"},"modified":"2022-01-25T08:09:07","modified_gmt":"2022-01-25T08:09:07","slug":"the-ethereum-foundation-sold-at-the-top-again-did-they-know-something-we-didnt","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/the-ethereum-foundation-sold-at-the-top-again-did-they-know-something-we-didnt\/","title":{"rendered":"The Ethereum Foundation Sold At The Top Again. Did They Know Something We Didn\u2019t?"},"content":{"rendered":"

Apparently, the Ethereum Foundation employs incredible traders. Once again, they managed to cash out at the very top. On November 16th, ETH was worth an all-time high of $4891. On the very next day, the Ethereum Foundation sent 20,000 ETH to Kraken and sold them. Is this suspicious at all? Not per se, but this is the second time that they pull the same magic move.\u00a0<\/span><\/p>\n

Related Reading | Why The Ethereum Foundation Launched A Client Incentive Program<\/a><\/strong><\/em><\/p>\n

A professional trader that goes by the name Edward Morra on Twitter was the first to spot the trade. \u201cFriendly reminder that ETH foundation cashed out at the top (again). ETH down 40+% since then,\u201d he said. Morra also provided a chart that shows ETH\u2019s sharp decline in price since the sale.<\/span><\/p>\n

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$ETH<\/a>
Friendly reminder that ETH foundation cashed out at the top (again). ETH down 40+% since then
pic.twitter.com\/Bp80hEDvK0<\/a><\/p>\n

— Edward Morra (@edwardmorra_btc) January 21, 2022<\/a><\/p><\/blockquote>\n