ETH Tanks Another 5% as Ethereum Foundation Keeps Selling and Schiff Sounds the Alarm

Although weekends are typically calmer within the cryptocurrency community, this one is an evident exception to the rule, with BTC, ETH, XRP, and essentially all other altcoins posting fresh losses. We will focus exclusively on the Ethereum developments in this article, as there’s another controversial move by the Ethereum Foundation. EF Sells, Schiff Bearish Again Reports started to emerge all the way at the end of the previous month that the Ethereum Foundation had accelerated its selling spree. More recent data from Onchain Lens, as well as other major on-chain analytics resources, indicated that the organization has not stopped. According to Onchain Lens, the EF has disposed of 7,500 tokens in the past four days alone, valued at around $14.5 million.

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