Let's talk about the Ethereum Foundation selling coins. Every time $ETH falls, the Ethereum Foundation will basically sell coins in advance, so everyone scolds Vitalik at once. Let's put aside the emotional aspect and look at the specific data analysis.

The Ethereum Foundation did sell some ETH, but the scale was not large, and the direct impact on the market was limited. They mostly handle large transactions through OTC (over-the-counter transactions). For example, 35,000 ETH were sold over-the-counter in August 2024. This method helps to reduce market volatility and try not to have a big impact on the market. From this point of view, it is still relatively conscientious.

The Ethereum Foundation holds only 0.26% of the total supply of ETH, so their sales have little impact on the overall liquidity. In fact, the large fluctuations in the market are likely to be driven by other whales and bookmakers.

Another possibility is that this kind of selling behavior is deliberate, so it attracts attention and creates panic to achieve the purpose of washing the market. In this case, there may be a certain interest relationship behind it. In addition, they often sell ETH through specific addresses in small and frequent transactions, indicating that similar operations may continue. Although the scale is not large each time, it can often play a magnifying role in market sentiment. Everyone believes that the Ethereum Foundation is an expert in escaping the top, so every time it sells 100 #ETH , it will trigger a follow-up and stampede effect. Of course, I think this behavior is intentional to cooperate with the dealer to clean up the market. From this perspective, the Ethereum Foundation really deserves to be scolded!