Ethereum Foundation Has Sold 90 Percent of ETC in the Last 6 Months
Vitalik Buterin, co-founder and developer of Ethereum, revealed in an online community that the Ethereum foundation or the development team have already sold 90 percent of their shares of Ethereum Classic over the past six months. Ethereum Classic, a spin-off project of Ethereum described as the continuation of the original Ethereum Blockchain by its founders and developers, was created after the execution of a controversial hard fork designed to bailout investors of the DAO. Miners and developers who felt that Ethereum demonstrated centralized governance continued to mine blocks of the....
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Apparently, there are incredible traders in the Ethereum Foundation. Once again, they managed to cash out at the very top. On November 16th, ETH was worth an all-time high of $4891. On the very next day, the Ethereum Foundation sent 20,000 ETH to Kraken and sold them. Is this suspicious at all? Not per se, but this is the second time that they pull the same magic move. Related Reading | Why The Ethereum Foundation Launched A Client Incentive Program A professional trader that goes by the name Edward Morra on Twitter was the first to spot the trade. “Friendly reminder that ETH....
Ethereum is off to a rocky start this 2025, and its vibrant dev community isn’t happy. According to reports, the Ethereum Foundation has recently moved a substantial amount of Ether. The foundation’s transactions to move and sell its tokens became messier when one of its employees attempted to explain the situation, generating a lot of backlash. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Ethereum’s recent transactions have occurred since Bitcoin and other top tokens have been ripping through the charts. Price-wise, Ethereum is trading between $3,200 and....
The Ethereum Foundation is again in the news following its recent transaction involving millions of Ethereum (ETH) tokens. The non-profit organization’s Ethereum transactions are always significant, considering the impact they usually have on the second-largest crypto token. Ethereum Foundation Transfers $64.4 Million Worth Of ETH Crypto journalist Colin Wu revealed in an X (formerly Twitter) post that a wallet (0x8e…D052) linked to the Ethereum Foundation transferred 18,089 ETH ($64.4 million) to a new address (0x87…D812). On-chain data shows that the new address has yet to transfer....
The process was "messy" but the results are in. The new board members for the Bitcoin Foundation are Olivier Janssens and Jim Harper with 63 percent and 60 percent approval respectively. Michael Perklin finished third with 52 percent approval followed by Bruce Fenton with 50 percent. Out of 595 confirmed voters, 440 votes were cast (74 percent). In order to be elected, candidates had to be approved by at least 50 percent of eligible voters. In the first round of voting, none of the 13 candidates met that 50 percent approval threshold, so a run-off election among the top 4 candidates was....
On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. The pattern in question is related to the netflows for the wallets associated with the Ethereum Foundation. The ETH Foundation is a non-profit entity supporting the cryptocurrency and its ecosystem. Related Reading: Shiba Inu,....