Ethereum, or 1 ETH, traded at $2,644.63 as of 8 a.m. ET. The highest intraday price the cryptocurrency reached in the past year was $4,088.00 on March 12, 2024. *The return comparisons are as of 8 a.m. ET.

Ethereum Foundation sells 200 ETH amid market volatility. Institutional outflows surge, yet ETH price remains resilient.

Over the last three days, the Ethereum Foundation has shaken up the market by selling off 500 ETH. The organization has reportedly offloaded $10 million worth of Ethereum this year in separate events.

The price of ethereum, or 1 ETH, was $2,299.44 as of 8 a.m. ET. The crypto’s highest intraday price in the past year was $4,088.00 on March 12, 2024. *The return comparisons are as of 8 a.m. ET.

Large cryptocurrencies were mixed during U.S. morning trading on Monday, with Ethereum seeing the biggest move, rising 2.67% to $2,641.61. Solana led the decreases with a 1.00% drop to $142.92. Four other cryptocurrencies saw increases Monday.