About the Ethereum Foundation's shipment:

Since the Ethereum Foundation has shipped at a high point many times in history, some people set the "Ethereum Foundation's shipment" event as a shipment indicator. It was in this context that the Ethereum Foundation's deposit of 35,000 ETH to Kraken on August 24 was considered a shipment to escape the top, which caused "verbal criticism" from many crypto users. Many KOLs and self-media also followed up the event and released FUD information about the Ethereum Foundation's shipment to escape the top.

In response, Aya Miyaguchi, executive director of the Ethereum Foundation, said in a post on X that "this is part of its fund management activities. The Ethereum Foundation has an annual budget of about $100 million, which is mainly composed of grants and salaries, and some recipients can only accept legal tender. For a long time this year, we were told not to conduct any fund activities because the supervision is complicated and we cannot share plans in advance. In addition, this transaction does not mean selling. From now on, we will sell it step by step in a planned manner." (As a non-profit foundation, the Ethereum Foundation previously planned to withdraw 15% of its funds (legal currency value) each year for various support within the ecosystem.)

Simply put, the Ethereum Foundation's response is that 35,000 ETH is normal fund management, and the transfer to the exchange does not mean that all will be sold immediately, but that there will be a planned gradual sale.

On August 30, the Ethereum Foundation released the fund allocation and use table for the second quarter of this year, using a total of about $8.5 million to fund nearly 100 community activities and projects, including community education, technology research and development, innovation projects, developer tools, research, and ecological development-related categories, clearly marking project categories, names, description URLs and other detailed information. Clicking on the websites of these funded projects, you can see community and ecological technology conferences held in various regions around the world, research projects of technical research professors/teams, and tools to improve the development experience of Ethereum ecological developers. All of these can make people feel the active and serious technical research atmosphere of the global Ethereum ecological community. This is completely invisible in many communities.

So, do you think the 100 million budget spent by the Ethereum Foundation every year is worth it?It depends on one's opinion.