#Ethereum Foundation sells ETH#

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Overview

The Ethereum Foundation has been steadily selling ETH in recent times, sparking heated discussions within the community. According to the latest news, the Ethereum Foundation sold 100 ETH for $3,364 just 5 minutes ago, acquiring 336,000 DAI. This is the latest in a series of ETH sales by the Foundation, having sold a total of 4,666 ETH for $13.3 million since January 2, 2024. The community is buzzing with speculation, with some believing the Foundation is raising funds while others question their confidence in ETH.

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Analysis

Recently, the Ethereum Foundation's continuous small-scale, high-frequency ETH sales have sparked heated discussions within the community. According to monitoring data, the Ethereum Foundation recently sold 100 ETH at a price of $3,364, exchanging it for 336,000 DAI. This marks the Nth time the Ethereum Foundation has sold ETH since January 2, 2024, with a total of 4,666 ETH sold, worth over $13.3 million. This behavior has drawn questions and ridicule from the community, with many believing that the Ethereum Foundation is "cutting the leeks," questioning its financial health. Some argue that the Ethereum Foundation's ETH sales could be for raising funds to develop the Ethereum ecosystem, and that its ETH sales will not negatively impact the future development of Ethereum. However, the Ethereum Foundation has not responded to this matter, and the true purpose of its ETH sales remains elusive.

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Classic Views

Ethereum Foundation continues to sell ETH, possibly due to funding needs or other strategic purposes.

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The Foundation's sale of ETH has sparked questions and criticism from the community, who believe it contradicts ETH's values.

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Some community members believe the Foundation should stop selling ETH and use it to support the development of the Ethereum ecosystem.

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The Foundation's sale of ETH could negatively impact ETH's price, but the extent of the impact is unclear.

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