randomm

Vitalik Buterin defends EF as it continues to dump more ETH in 2025

Ethereum co-founder, Vitalik Buterin, defends the Ethereum Foundation’s decision to dump ETH instead of staking or withdrawing from itself.

According to data from Spot On Chain, the Ethereum Foundation made its first Ethereum Ethereum
eth
1.02%
Ethereum sale in the new year on Jan. 8, 2025, dumping 100 ETH and gaining 329,463 DAI Dai
dai
-0.01%
Dai tokens in return. On-chain data reveals that throughout 2024, EF has sold a total of 4,466 ETH for $12.61 million at an average value of $2,823. These sales are claimed to often occur right before sharp price drops.

Traders on X were quick to put EF on blast for continuously dumping ETH instead of staking from their own protocol.

Vitalik Buterin defends EF as it continues to dump more ETH in 2025

Ethereum co-founder, Vitalik Buterin, defends the Ethereum Foundation’s decision to dump ETH instead of staking or withdrawing from itself.

According to data from Spot On Chain, the Ethereum Foundation made its first Ethereum Ethereum
eth
1.02%
Ethereum sale in the new year on Jan. 8, 2025, dumping 100 ETH and gaining 329,463 DAI Dai
dai
-0.01%
Dai tokens in return. On-chain data reveals that throughout 2024, EF has sold a total of 4,466 ETH for $12.61 million at an average value of $2,823. These sales are claimed to often occur right before sharp price drops.

Traders on X were quick to put EF on blast for continuously dumping ETH instead of staking from their own protocol.

https://crypto.news/vitalik-buterin-defends-ef-as-it-continues-to-dump-more-eth-in-2025/