The Ethereum Foundation Sold At The Top Again. Did They Know Something We Didn’t?

Apparently, there are incredible traders in the Ethereum Foundation. Once again, they managed to cash out at the very top. On November 16th, ETH was worth an all-time high of $4891. On the very next day, the Ethereum Foundation sent 20,000 ETH to Kraken and sold them. Is this suspicious at all? Not per se, but this is the second time that they pull the same magic move. Related Reading | Why The Ethereum Foundation Launched A Client Incentive Program A professional trader that goes by the name Edward Morra on Twitter was the first to spot the trade. “Friendly reminder that ETH foundation cashed out at the top (again). ETH down 40+% since then,” he said. Morra also provided a chart that shows ETH’s sharp decline in price since the sale. https://twitter.com/edwardmorra_btc/status/1484640031121813505 To add insult to injury, the Ethereum Foundation only paid $20 in gas fees. That might be the most impressive feat of them all. At the time of writing, the Ethereum Foundation’s wallet holds 353,318 ETH, which is $835,340 at current prices. What Do We Know About The Organization’s Previous Sell-Off? Back to Morra, his Twitter followers told him that this late information was of no use to them. He surprised the world and pulled an ace up his sleeve. As it turns out, he tweeted about the trade at the time it happened. Not only that, he warned them, “They cashed out 35k ETH on 17th of May this year, marked on the chart.” https://twi...