USDC - Ethereum Foundation Sells 1700 ETH For $2.76M USDC Amid Increased Volatility | Benzinga
The Ethereum (CRYPTO: ETH) Foundation has converted 1,700 ETH, valued at approximately $2.76 million, into Circle’s USDC (CRYPTO: USDC) stablecoin.
What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC." The Ethereum Foundation, a non-profit organization executed this transaction via Uniswap.
The Ethereum Foundation has just sold 1.7K ($2.76M) for . — Scopescan (🪬 . 🪬) (@0xScopescan) October 9, 2023
Address:https://t.co/OaZKMXdfBw pic.twitter.com/z5tqZk3eCF
The Foundation’s holdings have been disclosed in their April 2022 report, revealing that they possessed about 395,000 ETH, representing approximately 0.297% of Ethereum’s ...