#Ethereum Foundation Sells ETH#
Hot Topic Overview
Overview
The Ethereum Foundation has recently been selling ETH, sparking heated discussions within the community. According to multiple sources, the Foundation recently sold 100 ETH at $3,364, exchanging them for 336,000 DAI. This marks the 4,666th ETH the Foundation has sold since January 2, 2024, for a total of $13.3 million. This selling activity has once again fueled speculation within the community about the Foundation's financial status, with some users even jokingly suggesting the Foundation might need to launch a MEME to raise funds.
Ace Hot Topic Analysis
Analysis
The Ethereum Foundation recently sold another 100 ETH, exchanging them for 336,000 DAI at a price of $3,364. This marks the 47th time the foundation has sold ETH since January 2, 2024, totaling 4,766 ETH sold for $13.3 million. The sale sparked discussion within the community, with some believing the foundation is raising funds, while others suspect concerns about the price of ETH. However, the foundation has not offered any explanation for the sale. Notably, ETH has been on a downward trend for the past year, while BTC has reached new highs. Therefore, some speculate that the foundation may be converting ETH into BTC to potentially generate higher returns.