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The Ethereum Basis has confirmed plans to transform 10,000 ETH, price round $43 million, into fiat over the course of this month. The transfer, which was introduced by the Ethereum Basis’s official account on the social media platform X, comes lower than two weeks after Ethereum set a brand new all-time excessive of $4,946 on August 24. Since reaching that peak, Ethereum has fallen by 11.6%, and the sale raises the query of whether or not the August excessive was the highest for this cycle.
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