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Ethereum Foundation sells 2,785 ETH, drawing criticism
The Ethereum Foundation has resumed selling tokens, offloading 2,785 ETH for approximately $6.42 million. The sale has negatively impacted investor sentiment and pushed the ETH Fear and Greed Index deeper into fear territory. A long‑inactive investor also dumped 1,500 ETH, and Maelstrom CIO Arthur Hayes sold about $22.28 million worth of altcoins, including 6,400 ETH, citing a bearish market outlook. Meanwhile, BitMine is increasing its ETH holdings by purchasing an additional 10,452 units, aiming to control 5 % of Ethereum’s total supply.