The Ethereum Foundation has sold 5,000 ETH at an average price of $2,221.

Ethereum Foundation Sells 5,000 ETH for $11.1M DAI

The Ethereum Foundation has sold all 5,000 ETH it planned to offload. According to Onchain Lens, the sale brought in $11.1 million in DAI at an average price of $2,221 per ETH.

The foundation had previously said it would use CoWSwap's TWAP feature to gradually convert 5,000 ETH into stablecoins to fund ongoing R&D, grants, and donations.