The Ethereum Foundation has sold 100 ETH (~$271,000) on October 30, adding to over $11 million in ETH sales in 2024.
Vitalik Buterin defended the Foundation's sales, explaining they support critical development and security efforts, including research, transaction fee reduction, and privacy initiatives like zk-SNARK technology.
The Ethereum Foundation has sold over $11 million worth of ETH in 2024, sparking discussion within the crypto community.
Staking ETH could create conflicts in potential network hard forks, which the Foundation aims to avoid.