The Ethereum Foundation’s trading patterns have once again demonstrated major market timing, with their most recent sale of 100 ETH on December 17 preceding a significant 17% price decline.
According to analysis by Lookonchain, this continues a pattern of successful market top identification by the Foundation throughout 2024.
Over the past year, the Foundation has executed 32 separate ETH sales, totaling 4,466 ETH worth approximately $12.6 million at an average price of $2,824 per ETH. Notably, 15 of these trades have coincided with local market tops, marked in red in Lookonchain’s analysis.
Since the #EthereumFoundation sold 100 $ETH on Dec 17, the price of $ETH has dropped by ~17%, marking another successful top sale.
Over the past year, #EthereumFoundation has sold 4,466 $ETH($12.6M) across 32 trades, with 15 of them executed at the top(marked in red in the… pic.twitter.com/DA7nGAgbxr
— Lookonchain (@lookonchain) December 20, 2024
Recent trading activity has been particularly noteworthy. The Foundation’s last seven sales show a consistent pattern of market timing:
- December 17: 100 ETH sold at $4,025, followed by a 16.94% decline
- December 10: 100 ETH at $3,743, preceding a 6.48% drop
- November 12: 100 ETH at $3,403, leading to a 10.84% decrease
- October 30: 100 ETH at $2,709, followed by an 8.53% decline
- October 23: 100 ETH at $2,574, with a subsequent 5.64% drop
- October 15: 100 ETH at $2,580, preceding a minor 0.67% decrease
- October 9: 100 ETH at $2,428, followed by a 3.40% decline
The Foundation’s selling strategy appears carefully calculated, with most trades involving round lots of 100 ETH, though some larger sales have occurred. The largest single sale in recent months was 450 ETH on September 9, sold for approximately $1,035,407 at an average price of $2,303 per ETH.
Current market data supports the Foundation’s recent timing, with Ethereum showing weakness across multiple timeframes. The asset is down 10.8% in the last 24 hours and 15.8% over the past week, with a 15.5% decline over two weeks. However, longer-term performance remains positive, with a 5.1% gain over 30 days and a 48.7% increase year-over-year.
The Foundation’s successful market timing raises questions about their trading strategy and access to market information. While they maintain transparency by publicly recording these transactions, their consistent ability to identify local tops suggests sophisticated market analysis or deep insight into network metrics.