‘Incredibly Frustrating:’ Ethereum Foundation’s Latest ETH Sale Draws Criticism

The leading altcoin has been under pressure lately, and reports that the Ethereum Foundation has started dumping tokens again could further weaken its position. In fact, those revelations appear to have weighed on investor sentiment, pushing ETH’s Fear and Greed Index deeper into fear territory. So Much Selling Earlier today (October 26), Lookonchain disclosed that a wallet linked to the Ethereum Foundation (a non-profit organization that supports the development and growth of the Ethereum ecosystem) offloaded 2,785 units for around $6.42 million. The entity also noted that the last suspected sale of that type was two weeks ago and was followed by a 9% price decline.

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