Recently, the Ethereum community has stirred up a wave again. The Ethereum Foundation conducted a new round of large-scale ETH sell-off, which has sparked widespread discussion in the cryptocurrency circle. Although the official statement claims that this sell-off is to raise funds for research and development, many community members have expressed doubts about it.
There are views suggesting that the foundation's actions coincide with the high price of ETH, which is seen as a form of precise market manipulation. This inevitably brings to mind similar situations in the past, where every time the price of ETH reached a peak, the foundation would carry out large-scale sell-offs, often accompanied by a decline in market confidence and a drop in prices.
On-chain data shows that the foundation indeed holds a large amount of ETH. Therefore, their every large-scale transaction significantly impacts the market. Some investors believe that this behavior may harm the long-term healthy development of the Ethereum ecosystem.
However, there are also voices pointing out that the foundation needs funds to support the continuous development and innovation of Ethereum. In the rapidly evolving blockchain industry, technological research and development as well as ecological construction indeed require substantial financial support.
Regardless, this incident has once again sparked discussions about the governance of cryptocurrency projects, the transparency of fund usage, and the balance of interests between project teams and investors. As a leading blockchain platform in the industry, every step of Ethereum is closely watched, and its future development direction will continue to impact the entire cryptocurrency market.
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MEVHunterWang
· 23h ago
Large Investors play people for suckers, what else is new?
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BTCBeliefStation
· 09-03 04:52
Again dumping...
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SatoshiHeir
· 09-03 04:52
It is evident that this dumping validates the governance paradox hypothesis I published in 2019. How sad and lamentable!
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TommyTeacher
· 09-03 04:52
Be Played for Suckers... it's not anything new.
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NFTRegretDiary
· 09-03 04:48
Harvesting suckers is a skill, hey.
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ForkMonger
· 09-03 04:46
dump before pump... classic governance attack vector tbh
Reply0
HodlVeteran
· 09-03 04:40
Again, the familiar smell of a stampede. Suckers deserve it.
Recently, the Ethereum community has stirred up a wave again. The Ethereum Foundation conducted a new round of large-scale ETH sell-off, which has sparked widespread discussion in the cryptocurrency circle. Although the official statement claims that this sell-off is to raise funds for research and development, many community members have expressed doubts about it.
There are views suggesting that the foundation's actions coincide with the high price of ETH, which is seen as a form of precise market manipulation. This inevitably brings to mind similar situations in the past, where every time the price of ETH reached a peak, the foundation would carry out large-scale sell-offs, often accompanied by a decline in market confidence and a drop in prices.
On-chain data shows that the foundation indeed holds a large amount of ETH. Therefore, their every large-scale transaction significantly impacts the market. Some investors believe that this behavior may harm the long-term healthy development of the Ethereum ecosystem.
However, there are also voices pointing out that the foundation needs funds to support the continuous development and innovation of Ethereum. In the rapidly evolving blockchain industry, technological research and development as well as ecological construction indeed require substantial financial support.
Regardless, this incident has once again sparked discussions about the governance of cryptocurrency projects, the transparency of fund usage, and the balance of interests between project teams and investors. As a leading blockchain platform in the industry, every step of Ethereum is closely watched, and its future development direction will continue to impact the entire cryptocurrency market.