TechFlow news, July 17 — According to monitoring by analyst Yujin, nonprofit development organization Argot Collective sold 1,210 ETH four hours ago for approximately 4.09 million USDC. The organization previously received 7,000 ETH from the Ethereum Foundation on July 4 as operational funding. Since July 11, Argot Collective has cumulatively sold 3,626.6 ETH for 11.2 million USDC, at an average price of $3,089. Ethereum Foundation member hwwonx confirmed that these funds originated from the Ethereum Foundation's transfer to Argot Collective, not from direct sales by the Foundation.
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