January 9, 2025

at

12:00 am

EST

(Updated:

)

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ETH Foundation Selling ETH Again

Arkham
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    The Ethereum Foundation sale of 100 ETH
    The Ethereum Foundation sale of 100 ETH

    Earlier today, a suspected Ethereum Foundation address, 0xd779, sold off 100 ETH, transferred out from a Gnosis Safe address, via CoW Protocol. The swap was made for 336,475 DAI, which was later then transferred out to a known Ethereum Foundation address, 0x9eE4.

    The Ethereum Foundation has been criticized heavily throughout the year, by Ethereum supporters and critics alike for their continual selling of ETH tokens. Coupled with a lackluster performance in 2024 against Bitcoin and Solana, the Ethereum Foundation’s sales have become a joke in the Crypto Twitter community, with every sale being broadcasted on X.

    Nevertheless, the Ethereum Foundation still holds 269K ETH tokens, or almost just over $900M worth, making up the majority of their on-chain holdings.

    Ethereum Foundation holdings
    Ethereum Foundation holdings
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