The Ethereum Foundation has once again taken advantage of investors, this time cashing out a whopping $510 million! This organization has pulled off several "miraculous operations" in its history, almost as if they have opened a third eye:
During the craziest times of the bull market in 2017, they took advantage of ETH rising to $1400 and sold off massively, resulting in a market crash; in May 2021, it was even more outrageous, as ETH peaked at $4000, they dumped over 30,000 coins, causing chaos in the market.
Although their actions are not illegal, the way they do it is really off-putting—what happened to being a non-profit organization? How is this different from a stock market operator dumping at a high?
What’s most disgusting is that they operate under the banner of "decentralization" while engaging in actions even more outrageous than centralized institutions. Every time they hit the market, they do so with precision from the peak, making everyone tremble at the thought of the foundation selling coins.
To be honest, this kind of play where they act as both referee and athlete makes it hard for anyone to hold onto ETH long-term. The current price is uncertain, especially since even their own "parent" is leading the way to flee, this behavior really invites criticism.
Although the market is slightly sluggish now, it will come back, just wait for the right opportunity to buy the dip. When the time comes, I will lead everyone to target the lucrative opportunities in altcoins to accumulate spot assets; doubling your investment should be a piece of cake. Like + comment, and I’ll help you seize the major opportunities in this bull market.
