Vitalik responds to yesterday's sale of ETH: It was initiated by project funding, and the last time-weighted order has been triggered
Ethereum co-founder Vitalik Buterin responded on social media to a Twitter user's suggestion that he stop selling ETH, stating, "The ETH sale yesterday was initiated by a bio-defense organization I fund and was triggered by an automatic CoWSwapTWAP order set up as early as August 29. This is the last order." The Time-Weighted Average Price (TWAP) orders launched by DEX aggregator CoW Swap allow traders to spread trades over a specified period of time to smooth market price fluctuations and obtain average market price holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overview of Major Overnight Developments on November 29
Data: 27 BTC transferred out from Cumberland DRW, worth approximately $2.43 million