Ethereum Foundation sells 2,785 ETH for $6.42M via CoWSwap
- —2,785 ETH sold for roughly $6.42 million
- —Proceeds received in the USDS stablecoin
- —Trade routed through CoWSwap
Why it matters: The foundation regularly converts ETH to stablecoins to fund development, and its sales are tracked as a potential supply overhang for the token.
Source: PANews