The large OTC completed on Friday indicates that the demand from big players is still present, and the selling pressure being absorbed is much healthier than outright dumping.

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CryptoFrontier
Ethereum Foundation Sells $24M ETH to Tom Lee's Bitmine
The Ethereum Foundation sold 10,000 ether to Bitmine Immersion Technologies on Friday, according to the foundation's announcement. The over-the-counter transaction was completed at an average price of $2,387 per ETH, totaling nearly $24 million. Bitmine, the digital asset treasury led by Chairman
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