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Ethereum Foundation Offloads 100 ETH for DAI as Major Upgrade Approaches

The Ethereum Foundation, a non-profit organization supporting the Ethereum network, recently exchanged 100 ETH for DAI stablecoins on December 10, 2024. This transaction, valued at approximately $374,300, continues the Foundation's practice of periodically selling ETH to fund public projects and manage its financial reserves. The sale occurred amidst a cryptocurrency market correction, with ETH dipping below $3,800. This timing aligns with the Foundation's strategy of navigating market fluctuations to ensure financial stability. Converting ETH to DAI, a stablecoin pegged to the US dollar, helps protect the Foundation's assets from market volatility while maintaining liquidity.

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