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Ethereum Foundation-Linked Wallet Sells Additional 1,000 ETH for $2.03 Million

An Ethereum Foundation-linked wallet sold an additional 1,000 Ether for roughly $2.03 million via CoW Protocol, marking its second consecutive day of sales. The transaction brought the address's two-day liquidations to 2,000 ETH worth approximately $4.16 million, and cumulative sales since October 26 to 4,785 ETH totaling around $10.58 million. The sales occurred as Ether traded near $2,067 following a nearly 10% drop over the prior week, compounded by $184.51 million in net outflows from US spot Ethereum ETFs on November 9.

Category

Ethereum

Sentiment

Bearish

Event

Crypto native

Reading time

1 min