PANews reported on October 4th that according to on-chain analyst Ember, the Ethereum Foundation's DeFi multi-signature wallet sold 1,000 ETH for 4.508 million DAI in the past seven hours, selling for $4,508. The Ethereum Foundation has sold 21,000 ETH worth $72.94 million in the past three months.

• On July 11, 10,000 ETH ($25.73 million) was sold to SharpLink over the counter at $2,572.
• On September 3rd, 10,000 ETH (US$42.7 million) was transferred to Kraken for sale;
• On October 4, 1,000 ETH ($4.51 million) was sold on-chain for $4,508.

Earlier news reported that the Ethereum Foundation plans to convert 1,000 ETH into stablecoins to fund research, grants and donation projects.