Ethereum Foundation's Precise Cash-Out Sparks Controversy
The Ethereum Foundation has struck again, this time cashing out $510 million. Looking back at history, this operation seems familiar—during the peak of the bull market in 2017, when ETH was close to $1400, the foundation sold off massively, leading to a subsequent market crash; in May 2021, when ETH surged to an all-time high of $4000, the foundation again precisely reduced its holdings by over 30,000 ETH, directly crashing market sentiment.
Although these operations are completely legal, the community has raised persistent doubts. As the core non-profit organization of the Ethereum ecosystem, the foundation should promote decentralized development, yet it repeatedly cashes out at market peaks, inevitably raising suspicions about its true motives. This kind of "buy low, sell high" institutional operation not only goes against the spirit of blockchain but also undermines investors' confidence in ETH's long-term value.
Ultimately, when the foundation that controls the technological lifeline starts playing the buy low, sell high game, ordinary holders cannot help but ask: How much of the decentralization we believe in is still real?
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