{"id":1895,"date":"2025-07-30T08:55:22","date_gmt":"2025-07-30T08:55:22","guid":{"rendered":"https:\/\/eandelmagazine.com\/eandelmagazine\/?p=1895"},"modified":"2025-07-30T08:55:22","modified_gmt":"2025-07-30T08:55:22","slug":"ethereum-foundation-faces-backlash-for-dumping-100-million-eth-after-saying-believe-in-something","status":"publish","type":"post","link":"https:\/\/eandelmagazine.com\/eandelmagazine\/ethereum-foundation-faces-backlash-for-dumping-100-million-eth-after-saying-believe-in-something\/","title":{"rendered":"Ethereum Foundation Faces Backlash For ‘Dumping’ $100 Million ETH After Saying ‘Believe In somETHing’"},"content":{"rendered":"
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<\/a>\"Ethereum<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n

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Ethereum Foundation Faces Backlash For ‘Dumping’ $100 Million ETH After Saying ‘Believe In somETHing’<\/figcaption><\/figure>\n<\/div>\n
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Aniket Verma<\/a><\/div>\n
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In This Article:<\/h2>\n
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Cryptocurrency analyst J.A. Maartun\u00a0<\/strong>called out the\u00a0Ethereum Foundation\u00a0<\/strong>on Tuesday for selling a large chunk of its\u00a0Ethereum\u00a0<\/strong>(CRYPTO:\u00a0ETH<\/a>) holdings contrary to its public messaging.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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What happened<\/strong>: In an X post, Maartun, known for tracking on-chain movements, highlighted that the non-profit organization has offloaded 25,833 ETH, worth $98.98 million at prevailing prices, in the last few months.<\/p>\n

“Is this what belief looks like?” Maartun asked the Ethereum Foundation. “Follow actions, not words.”<\/p>\n

The accusation of hypocrisy comes after the foundation, dedicated to promoting and developing Ethereum-related technologies, wrote, “believe in somETHing” in an X post.<\/p>\n

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