New Foundation in Ethereum presses the selling button with the Ether’s up
According to data from the Arkham analysis site, on July 10, a purse linked to the Ethereum Foundation (EF) sold 1,210 Ethers (ETH), Ethereum’s native cryptocurrency.
These operations, according to Lookonchain, were carried out at an average price of around $ 2,890 by ETH, totaling approximately 3.5 million USDC.
These movements occur at a time of rebound in the value of Ether. The price of this token, while quoting above $ 3,000, It grew more than 8% in the last 24 hours.
As Cryptonotics reported, ETH -recurring sales by the Ethereum Foundation have generated discontent and the Ethereum community has not received this news with pleasure.
In January, the organization announced that it would explore alternatives in decentralized finance protocols (Defi) To avoid this type of liquidations, that many perceive as an bearish pressure on the price of Ether.
In that sense, a person said that: «I am completely defeated. I have maintained this active for years, buying continuously, waiting for you to stop doing this one day. From tonight, I have completely left my position in Ethereum. Why do this? Eth A1.200 for what?
Another user also expressed his frustration in social networks: “They are trying to kill me”reflecting the discomfort of some before these operations.
However, Hsiao-Wei Wang, a member of the EF, came out to clarify that the sale was made by Argot.org, an entity recently disconnected from the Foundation.
He also shared an EF publication on July 4, in which this organization had reported that will provide slang.org operational financing For three years to support the development of Solidity, the key programming language for Ethereum’s intelligent contracts, and other open source infrastructure essential for the network.
This suggests that, although the EF is financing Argot.org, the specific sale of ETH was executed by Argot.org, not directly by the EF. Although the purse who made the sale is linked to the EF, which theoretically exchanged funds belong to it, the clarification of Wang points out that the new organization was responsible for the operation.
