At Crypto Snapshot, we empower you to navigate the dynamic world of cryptocurrency with confidence and precision. Whether you’re a seasoned trader or a crypto novice, our comprehensive suite of tools and resources is designed to help you make informed decisions and maximize your investment potential.

Explore the full potential of your crypto investments with Crypto Snapshot. Our tools are designed to provide you with the knowledge, insights, and strategies you need to succeed in the dynamic world of cryptocurrency. Start using our tools today and take control of your financial future.

 

 

Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900

ETH has gained 16.7% in the past seven days and over 8% in the past 24 hours alone. This comes amid a heated rally in the broader cryptocurrency market where BTC’s price just reached a new all-time high above $118,000.

Ironically, some warning signs are starting to pop already. According to popular on-chain monitoring resource Lookonchain, a wallet linked to the Ethereum Foundation has sold 1210 ETH for 3.5 million USDC at an average price of around $2890 over the past hours.

At the time of this writing, ETH’s price is trading above $3,000 for the first time since late February 2025.

ETHUSD_2025-07-11_09-09-03
Source: TradingView

But why is this a worrying signal? Well, there are certain things that the crypto community has playfully earmarked as bad news in the past few cycles. For instance, whenever you start seeing Jim Cramer talking about how Bitcoin is the greatest asset and that he owns millions of it, it’s time to unpack. The Ethereum Foundation selling has kind of been the same sign, at least on multiple occasions.

The entity sells ETH to fund development and it’s usually offloading during rallies, oftentimes marking local tops.

Of course, that’s not always the case. For example, last year, it sold different batches of ETH in September, October, and November, while the cryptocurrency achieved a local top in December.

The post Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900 appeared first on CryptoPotato.

Powered by WPeMatico