Ethereum Foundation Completes Partial Sell-off, Withdraws 3.387M DAI from CEX

BlockBeats News, September 5th. According to @EmberCN's monitoring, the Ethereum Foundation transferred 10,000 ETH to Kraken for sale the day before yesterday. 20 minutes ago, they withdrew 3.387 million DAI from Kraken. "This means that part of these 10,000 ETH has already been sold."

BlockBeats previously reported that the Ethereum Foundation announced in a blog post that over the course of several weeks this month, they would be converting 10,000 ETH through a centralized exchange to continue supporting development, grants, and donations. These conversions will be done through multiple small orders rather than completing a large transaction all at once.