Following a series of consistent ETH sales throughout the last year, the community has been pushing for more transparency from the Ethereum Foundation regarding its financial activities.

Recently, the Ethereum Foundation profited from the sale of an additional 100 ETH, worth approximately $263,000. This brings the total amount sold to 3,766 ETH, generating around $10.46 million in proceeds.

In August alone, the foundation transferred 35,000 ETH (valued at approximately $94.07 million at the time) to the Kraken exchange. Over the past week, the foundation also sold at least 200 ETH.

The foundation's significant expenditures and transactions often draw the attention of the community, sparking multiple debates. The community continues to demand more financial clarity from the organization.

Amid increasing public pressure, the Ethereum Foundation has provided preliminary financial details and promised to release a comprehensive financial report soon. The last public disclosure of the foundation’s asset holdings was in April 2022.

According to a recent Reddit post by Vitalik Buterin, Ethereum’s co-founder, the organization plans to allocate roughly 15% of its remaining funds annually. This approach would allow the foundation to operate indefinitely, though its influence within the broader ecosystem would gradually diminish over time.

Researcher Justin Drake estimates that the Ethereum Foundation's annual spending is around $100 million, with approximately $650 million still available in its main wallet. Based on this, the foundation could continue operations for another decade, though this timeline is dependent on ETH’s price. The last financial report from the foundation was published in April 2022.

Currently, Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, trailing only Bitcoin. As of this writing, ETH is trading at around $2,618, a 0.18% increase over the past 24 hours.