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💰 The Ethereum Foundation announced the sale of 5,000 ETH (approximately $11 million) to fund research, development, and donations. The transaction will take place today via the DeFi protocol CoWSwap.
📊 The sale is in line with its treasury policy: maintaining reserves to cover 2.5 years of expenses. They aim to balance funds in fiat and ETH.
⚠️ The community criticized the move due to its potential bearish impact. They also question the decision to convert to stablecoins for donations and grants instead of distributing ETH directly.#GateLaunchesPreIPOS