The Ethereum Foundation deposited 1,250 ETH to the Bitstamp exchange. The value is estimated at $3.03 million at the time of deposit.
Source: Lookonchain
The whale is not interested
Ethereum Foundation is missing the mission of all the upgrades that happened till now. The foundation should have been staked as validator and restaked too instead of giving up and making way for some whale like Justin Sun.
Decentralisation promoters dumping in centralised exchange
When I found out that the Ethereum foundation is dumping some of its ETH at a CEX, I thought, Isn't that the wrong way of doing something for what is described as decentralised? So much of a decentralised platform.
Bitstemp and Ethereum Foundation
What the foundation did (dumping) has only increased ETH liquidity in Bitstamp, so buyers can have some there. So should we think that Bitstamp is a good exchange for dumping ETH too?
