DeFi Daily News
Friday, May 29, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Altcoins

rewrite this title Ethereum Foundation Dumps 5,000 ETH for $11.1M DAI at $2,221 Avg Price

Liam Turner by Liam Turner
May 7, 2026
in Altcoins
0 0
0
rewrite this title Ethereum Foundation Dumps 5,000 ETH for .1M DAI at ,221 Avg Price
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Key Takeaways:

Ethereum Foundation sold 5,000 ETH, which was converted to DAI amounting to $11.1MThe median price of the sale was $2,221 per ETHThe relocation is an indication of further shift in operational stability towards the use of stablecoin reserves

The Ethereum Foundation has completed a new notable treasury action, sold 5,000 ETH and completely converted it to DAI. The transaction was recorded in the blocks and has ensured a complete execution of the intended sale.

eth-symbol

Ethereum Foundation Completes Full ETH Sale

On-chain data shows that the last 1,250 ETH (valued at approximately $2.8 million) are sold, and the 5,000 ETH has been fully liquidated.

The #EthereumFoundation has sold the remaining 1,250 $ETH($2.8M).

So far, all 5,000 $ETH planned for sale have been fully converted into 11.11M $DAI, at an average price of $2,221.https://t.co/nwflbWOvSl pic.twitter.com/wAb4FA5V5N

— Lookonchain (@lookonchain) April 11, 2026

This has been transformed into a total of about $11.11 million in DAI, which is an average price of $2,221 per ETH. The systematic method implies that the Foundation neither purchased the trade in one block, but rather spread it across several transactions to eliminate slippage.

Large bodies usually employ this form of staged selling to enable them not to disturb market liquidity. It is also an indicator of an estimated treasury approach as opposed to responsive selling.

eth-transactioneth-transaction

970x90-cryptogames970x90-cryptogames

Shift Toward Stablecoin-Based Treasury

The transformation into DAI shows a preference trend toward stable assets pegged to USD. In contrast to strongly fluctuated crypto assets, DAI brings predictable value, this is remarkably important to fund long term activities.

Why DAI Instead of Holding ETH?

DAI is a decentralized stablecoin that has wide usage in DeFi. The Foundation stands to gain by the ownership of DAI:

Reduced exposure to ETH price swings Immediate liquidity for grants, research, and ecosystem funding Flexibility to deploy capital across DeFi protocols if needed 

This is similar to how large crypto organizations manage treasury risks, especially in the period of downturn and uncertainty in the market.

Read More: BitMine $10.7B Crypto Bet: 4.7M ETH, War Outperformance, 71K Weekly Buys Surge

Market Context and Timing

The transaction happened when ETH purchased and processed around the price of $2,200 and less, it is considered as a relatively stable price level compared to previous strongly volatile times. The Foundation can sell near this price level helping them lock in value without having to flee the form when the market becomes weak.

Traditionally, the Ethereum Foundation has sold ETH at opportune moments in the past every now and then. These moves are usually taken as normal treasury management as opposed to the bearish signals.

Meanwhile, traders closely monitor such transactions. Fluctuations from big known wallets holding significant ETH amounts can affect market psychology in a short time, even though this is part of a long-time plan.

Read More: BlackRock S-1 for iShares Bitcoin Premium Income ETF Have Just Been Filed

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 11.1MAvgDAIDumpsETHEthereumFoundationPricerewritetitle
ShareTweetShare
Previous Post

rewrite this title Amazon Teams With Coinbase and Stripe to Let AI Agents Pay With Stablecoins – Decrypt

Next Post

Pirro: We have CROSSED the Rubicon…

Next Post
Pirro: We have CROSSED the Rubicon…

Pirro: We have CROSSED the Rubicon...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Gumshoe Gives Back — Join Now, and We Give to Charity!

rewrite this title Gumshoe Gives Back — Join Now, and We Give to Charity!

December 9, 2025
Kā Kļūt par Miljonāru: Mēmu Monētu Tirgotāja Veiksmes Stāsts ar Tikai 96$ Investīciju

Kā Kļūt par Miljonāru: Mēmu Monētu Tirgotāja Veiksmes Stāsts ar Tikai 96$ Investīciju

October 21, 2024
rewrite this title How vulnerable might humans be to bird flu? Scientists see hope in existing immunity

rewrite this title How vulnerable might humans be to bird flu? Scientists see hope in existing immunity

March 19, 2025
Zelenskyy’s chief of staff resigns amid corruption investigation

Zelenskyy’s chief of staff resigns amid corruption investigation

November 28, 2025
Turley: Minnesota scandal ‘getting WORSE by the day’

Turley: Minnesota scandal ‘getting WORSE by the day’

December 30, 2025
You don’t fix the Fed. You opt out of needing it.

You don’t fix the Fed. You opt out of needing it.

May 22, 2026
rewrite this title Can Ethereum Reclaim Its 2021 Highs Against Bitcoin As Fundamentals Strengthen?

rewrite this title Can Ethereum Reclaim Its 2021 Highs Against Bitcoin As Fundamentals Strengthen?

May 29, 2026
rewrite this title and make it good for SEOVår Energi ASA (VARRY) Shareholder/Analyst Call Prepared Remarks Transcript

rewrite this title and make it good for SEOVår Energi ASA (VARRY) Shareholder/Analyst Call Prepared Remarks Transcript

May 29, 2026
Yahoo Finance Live: Daily Market Coverage – May 29, 2026 9AM-11AM (ET)

Yahoo Finance Live: Daily Market Coverage – May 29, 2026 9AM-11AM (ET)

May 29, 2026
rewrite this title with good SEO Dormant Holders Unleash .6B in Bitcoin Aged 5 to 15 Years Across 2026

rewrite this title with good SEO Dormant Holders Unleash $7.6B in Bitcoin Aged 5 to 15 Years Across 2026

May 29, 2026
rewrite this title SpaceX – How to Navigate the Hottest IPO of 2026 – Nanalyze

rewrite this title SpaceX – How to Navigate the Hottest IPO of 2026 – Nanalyze

May 29, 2026
rewrite this title Mortgage Rates Today, Friday, May 29: A Little Higher – NerdWallet

rewrite this title Mortgage Rates Today, Friday, May 29: A Little Higher – NerdWallet

May 29, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.