‘Incredibly Frustrating:’ Ethereum Foundation’s Latest ETH Sale Draws Criticism
Business · First reported 26 Oct, 17:25 · Updated 19:00
A report said a wallet linked to the Ethereum Foundation sold 2,785 ETH for about $6.42 million on October 26, drawing criticism from an analyst. It also described other ETH sales and continued buying by BitMine.
- Lookonchain reported that a wallet linked to the Ethereum Foundation sold 2,785 ETH for approximately $6.42 million on October 26.
- The report said two wallets tied to the Foundation had deposited $11.13 million in ETH to Kraken, and that analyst Ted criticized repeated sales while expressing support for Ethereum.
- BitMine bought another 10,452 ETH, bringing its reported holdings to 6,051,933 coins, or about 4.95% of Ethereum’s supply.
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