The Ethereum Foundation has sold 100 ETH and acquired 334,315.7 DAI tokens, marking the first ETH sale since its annual report was released. The foundation currently holds $788.7 million of its $970.2 million reserve in crypto, with the majority being held in ETH. The foundation periodically sells ETH to fund projects and maintain reserves, with a total of 4,266 ETH sold in 2024. Co-founder Vitalik Buterin has been accused of selling ETH for personal gain, but he has denied these claims, stating the funds are for ecosystem development and philanthropy.
- Content Editor ( crypto.news )
- 2024-11-12
Ethereum Foundation offloads 100 ETH for 334k DAI in latest purchase