# BlockchainTrends

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Has the Ethereum Foundation sold tokens again? - What’s the outlook this time
According to The Block, the Ethereum Foundation sold 10k ETH to Tom Lee’s Bitmine Immersion Technologies on Friday (May 2), valued at about $23 million, with total sales reaching $47 million over the week. The foundation stated that the proceeds will be used to support core operations, protocol development, ecosystem growth, and community grants. A few days ago, they praised Ethereum Foundation’s staking “making a living,” but now they are quickly reversing and returning to the old path of selling toke
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ybaser:
To The Moon 🌕
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