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TechFlow news, October 4 — According to on-chain analyst Ember (@EmberCN), the Ethereum Foundation's DeFi participation multisig wallet sold 1,000 ETH for 4.508 million DAI over the past 7 hours, at an average selling price of $4,508.
In a tweet early this morning, the Ethereum Foundation (EF) stated its plan to convert 1,000 ETH into stablecoins via CoW's TWAP functionality, aiming to fund research, grants, and donations.
According to on-chain analyst @EmberCN, the Ethereum Foundation's DeFi participation multisig wallet sold 1,000 ETH for 4.508 million DAI over the past 7 hours, at an average price of $4,508 per ETH. In a tweet early this morning, the Ethereum Foundation (EF) stated its plan to exchange 1,000 ETH into stablecoins via CoW's TWAP functionality to fund research, grants, and donations.
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