Ethereum Foundation’s Latest Move Shocks Investors: The Great ETH Debacle!

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Well folks, the Ethereum Foundation is at it again! They’ve just unloaded another 100 ETH, making this their third sale this year. According to Onchain Lens, they swapped the crypto for 307,893 DAI at an average rate of $3,078.93 each. Now, ain’t that a knee-slapper? They sold off their digital gold while the price of Ethereum is tumbling faster than a buttered cat on a greased slide! 🤦‍♂️

Odd Time to Sell Ethereum

In the past 24 hours, Ethereum’s price has taken a nosedive by over 6.63%, landing at $3,049. It danced between the poles, hitting a high of $3,343 and scraping a low of $3,024. The Foundation didn’t quite hit the jackpot—they sold at middle-ground, like a gambler who checks out right before hitting the big win. 🃏

Onchain Lens also reminds us, back in the year 2025, these folks sold 300 ETH for 980,388 DAI. And they didn’t just wing it; they used the Cow Protocol for their swap—couldn’t make this stuff up if I tried! 🐮

Just in: #Ethereum Foundation has sold 100 $ETH for 307,893 $DAI at a price of $3,078.93

In 2025 they have sold a total of 300 $ETH for 980,388 $DAI

Address: 0xd779332c5a52566dada11a075a735b18daa6c1f4

Data @nansen_ai

— Onchain Lens (@OnchainLens) January 27, 2025

The community’s none too pleased, to say the least. Critics are flapping their jaws, claiming these moves shake investor trust like a wobbly table at a three-legged race. They worry these sell-offs push both the small-time buyers and the big fish to dump their coins too.

Seems like these current sell-offs are walking the same old path as the Foundation’s previous antics.

Ethereum Foundation in Shakeup Mode

And if that ain’t enough to make your head spin, the Foundation’s been in the limelight lately for shaking up its leadership. Vitalik Buterin mentioned they’re on the hunt for new leaders, like prospectors scrounging for gold nuggets out West. 🥇

Despite all these shenanigans, they’ve decided to cozy up to governance a bit more seriously. They’ve opened a new wallet to stake on platforms like Kraken, gearing up for the forthcoming Pectra Upgrade set to dazzle everyone mid-March. 🌟

Through all this hullabaloo, folks are still betting that Ethereum’s future is brighter than a firefly in a jar, even with all the current sell-offs lighting up the night sky.

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2025-01-27 15:46