Onchain analysts reported that an Ethereum Foundation-linked wallet sold 5,000 ETH for about $9.92 million between Nov. 10 and Nov. 14, including a 1,000 ETH swap for the stablecoin USDS. They said the wallet still held about 10,000 ETH, worth roughly $19 million. The source does not give a year for the sales.
Lookonchain said ether fell 9%, 7.7% and 10.4% after earlier foundation-linked sales on Oct. 12, Oct. 26 and Nov. 10, respectively. Those price moves do not establish that the sales caused the declines.
