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Ethereum Foundation Sells 100 ETH Adding to $11M Total Sales in 2024

  • 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.

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