๐จ The Foundation is Dumping Again โ But Here is the Real Question
Another day, another OTC deal for the #EthereumFoundation.
Just one hour ago, they offloaded another 10,000 ETH ($23.87M) directly to Bitmine.
Letโs zoom out for a second. Over the last 3 months, the Foundation + vitalik.eth have collectively moved 39,326 ETH ($84.56M) off their books.
While the market panics about the "dump," look at how they are selling: OTC (Over-the-Counter).
This isn't a market sell button. These are direct block deals to institutional buyers (#Bitmine , likely a miner or treasury fund).
The strategic takeaway:
1. No immediate price impact (OTC doesn't hit the order book).
2. But sentiment impact is real. When the founders sell, retail confidence shakes.
3. The real question: Are they funding development, or rotating into something else before the next wave?
Don't just scream "Bearish." Watch where the OTC volume goes next.
Whatโs your gut feeling โ necessary funding or top signal? ๐
Always DYOR No Financial advice!
#ETH #VitalikButerin #Onchain #CryptoNews
