Ethereum Foundation Cashes Out $510 Million Again

Throughout history, the Ethereum Foundation has been accused multiple times of accurately cashing out at market peaks, particularly in 2017 and 2021. In the peak of the 2017 bull market, the foundation cashed out a large amount when ETH was close to $1,400, after which the market quickly fell; in May 2021, when ETH was nearing its historical high of $4,000, it sold over 30,000 ETH again, causing panic in the market. Although these operations are legally compliant, they have raised questions within the community regarding their ethics and transparency. As a non-profit organization at the core of the ecosystem, frequent and precise cashing out is seen as contrary to the principle of 'decentralization' and has negatively impacted long-term confidence in ETH's price.