The Sunday morning chill started with ETH 🥶
Just after 4 a.m., ETH fell below 1,800
It bottomed around 1,738 and is now near 1,745, down roughly 9% in 24 hours
Meanwhile, an on-chain update came in
An Ethereum Foundation-linked wallet sold another 2,500 ETH, swapping them for about 4.6M USDS
A total of 7,500 ETH over four days, bringing in about 14.52 million
BTC also slid, hitting a low near 63.5k
That 64.95k wick from earlier this morning now looks like a high
I don't really want to pin all the blame on the Foundation
But selling at this time definitely added another layer of frost