Ethereum Foundation sells another 10,000 ETH to BitMine in third OTC deal
Burns Brief
The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $ETH for reaction — a decisive move above or below key levels will confirm the next trend.
The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales.
Key Takeaways
- The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales