#Ethereum Foundation Resells ETH#
Hot Topic Overview
Overview
null
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation recently sold another 100 ETH, exchanging it for 336,000 DAI at a price of $3,364. This is the 47th time the foundation has sold ETH since January 2, 2024, totaling 4,666 ETH sold for a value of $13.3 million. This sale has sparked heated discussions within the community, with some believing the foundation is raising funds while others believe it's attempting to control ETH's price. Notably, ETH's price has remained below its 2021 levels for the past 12 days, while BTC has reached new all-time highs. Some users are furious about the foundation selling ETH, mocking them for "being broke."
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum Foundation continues to sell ETH and exchanges it for DAI, which may indicate that the foundation needs funds or is engaged in some kind of strategic operation.
The Ethereum Foundation's sale of ETH has sparked controversy in the community, with some arguing that the foundation should hold ETH rather than sell it, while others believe that the foundation's sale of ETH is reasonable.
The Ethereum Foundation's sale of ETH could have a negative impact on the price of ETH, as it would increase the supply of ETH on the market.
The Ethereum Foundation's sale of ETH may be related to ETH's development roadmap, for example, the foundation may need funds to support ETH's development and promotion.