PANews reported that addresses tied to the Ethereum Foundation sold nearly 2,800 ETH in two hours, with 1,100 ETH sold in the final five minutes, indicating significant on-chain activity.
PANews reported on August 13 that on-chain data showed Ethereum Foundation-linked addresses sold 2,794.87 ETH over two hours for approximately $12.78 million at an average price of $4,574.4. Notably, 1,100 ETH were sold in the last five minutes at an average price of $4,602.1, generating about $5.06 million. This update contrasts with earlier reports citing a sale of 1,694.8 ETH for $7.72 million.