Foundation has executed two transactions, selling more of its ETH holdings in exchange for DAI. This move comes despite facing significant criticism during their previous large-scale sale of ETH assets.
While this initial transaction did not spark significant reactions, the most recent transaction did draw some attention. On 6 September, the Foundation transferred 1,000 ETH, valued at approximately $2.38 million, to a multi-signature wallet. Based on previous transaction patterns, this ETH is expected to be transferred to another wallet and likely swapped for DAI.
At the time, Ethereum’s Vitalik Buterin responded to accusations about the Foundation selling off assets. Still, neither he nor the Foundation has made a public statement regarding these latest transactions.revealed that the recent sale by the Ethereum Foundation is yet to become a trending topic. Despite the Foundation’s sale of ETH, this event has not significantly affected the broader conversation within the crypto community.