Ethereum Foundation Sells 10K ETH, Sparks Funding Debate

Ethereum Foundation Sells 10K ETH, Sparks Funding Debate
This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.

The Ethereum Foundation has triggered a community-wide debate after announcing plans to sell 10,000 ETH through centralized exchanges. While the foundation cites funding for development as the reason, critics argue alternative DeFi methods should be used instead. The move highlights ongoing tensions between traditional asset sales and native crypto financial tools.

  • The Ethereum Foundation deposited 10,000 ETH ($42.7M) into Kraken and plans gradual sales to fund development initiatives.
  • Critics, including AaveChan's Marc Zeller, suggest using DeFi lending instead of direct sales to avoid negative market sentiment.
  • The foundation retains 224,800 ETH ($1.05B) and has emphasized transparency by announcing sales in advance.
Notifications 0