Ethereum Foundation sells $32 million - Fidelity invests $25.7 million and whales accumulate historic 14.2 million ETH, hitting 2018 lows.

Ethereum Foundation sells $32 million - Fidelity invests $25.7 million and whales accumulate historic 14.2 million ETH, hitting 2018 lows.

Ethereum Foundation sells $32 million of ETH while Fidelity buys $25.7 million

In recent days, significant movements in the Ethereum market have attracted attention. The Ethereum Foundation recently sold a package of Ethereum worth $32 million. This could potentially have an impact on the market, especially at a time when the cryptocurrency continues to face intense scrutiny.

At the same time, Fidelity, a renowned financial services company, made a purchase of $25.7 million in Ethereum. This investment highlights the growing interest of institutional investors in cryptocurrency, despite economic uncertainties and market volatility.

Another interesting aspect is the accumulation of Ethereum by so-called “whales”, i.e. large investors who hold significant amounts of ETH. This accumulation is reaching historic highs of 14.2 million ETH, comparable to the lows of 2018. This suggests that large investors have confidence in the future of Ethereum and may be hoping for a price recovery.

Overall, these developments show that the Ethereum market is characterized by large financial movements and increasing participation from institutional investors. While the sale by the Ethereum Foundation raises questions, Fidelity's purchase and accumulation by whales could be seen as a positive signal for Ethereum's future.