Do you know who has been frantically dumping ETH recently?

Not the whales, not the big players, but——the Ethereum Foundation itself.

The Ethereum Foundation quietly sold another 10,000 ETH through OTC, worth about $22.9 million.

Including that one from two weeks ago, they have cashed out a total of $47 million.

Since March 2026, just sending to an address called BitMine, they have given away 30,000 ETH, worth $68.92 million.

They claim it’s “for core operations, protocol development, and ecosystem funding.”

I don’t oppose paying salaries or developing.

But you’re shouting “ETH is a super-sonic currency,” while leading the dump yourself——

It’s like a health supplement seller claiming they’re immortal, but they’re at the hospital every day.

How was the “super-sonic currency” hype back then?

EIP-1559 burn mechanism + staking lock-up = deflation → price only goes up, not down.

But now?

The Foundation’s wallet is like a faucet, constantly releasing funds.

You said “scarcity,” right?

Then don’t sell.

The biggest sell-off for a project isn’t from market panic or hackers stealing coins, but from the founding team’s treasury continuously siphoning funds——

What’s this called? This is called structural pressure, this is a sign of faith collapsing.

I know some will say: “They’re selling for development, isn’t that for building?”

Yes, development costs money.

But look at Bitcoin next door; Satoshi’s coins haven’t moved at all.

When the Solana Foundation sells, doesn’t the community also blow up?

The problem isn’t “whether they can sell,” but “selling so systematically, so regularly, and so indifferent to market sentiment.”

$47 million in two weeks, this isn’t “occasional pocket change,”

It’s like regularly siphoning oil from the tank.

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