TechFlow news, on November 12, according to Spot On Chain monitoring, the Ethereum Foundation sold another 100 $ETH for 334,315.7 $DAI approximately 25 minutes ago. This marks the first $ETH sale since the foundation released its 2024 report on November 8. The report showed that as of October 31, the foundation's reserve assets totaled $970.2 million, with $788.7 million in cryptocurrencies (99.45% in $ETH). The Ethereum Foundation plans to regularly sell $ETH to fund critical public goods and maintain its reserves. As of 2024, they have sold 4,266 $ETH at an average price of $2,773, totaling $11.83 million.
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