Ethereum Foundation's sale not as smooth as expected
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The foundation's sale took place at 16:18 UTC+8, where they exchanged 1.7K ETH for a hefty 2.738 million USDC. A peek into the foundation's wallet reveals a balance of 240.68 ETH, 3.238 million USDC, 49,700 DAI and 10,000 ARB, bringing their total assets to a cool $3.687 million.But what exactly is a sandwich attack? For the uninitiated, a sandwich attack is a form of front-running tactic used in the world of decentralized exchanges.
Interestingly, there is a pattern observed on Ethereum Foundation's sales. It often liquidates Ethereum just before significant sell-offs occur. While it is speculative to draw conclusions, the timing of its sales in relation to market movements has not gone unnoticed by keen market observers.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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