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Vitalik Denies ETH Sell-Off, Holds His Ground Amid Rumors

Ethereum’s frontman, Vitalik Buterin, stepped up to clear the record, challenging the whispers and jabs thrown his way over Ethereum (ETH) sales. Buterin made it crystal that he hasn’t sold “a single ETH” in the last month, adding a note that his holdings actually increased. Amid heated claims of a cash-out by the Ethereum Foundation, Buterin defended the organization’s fund movement as strategic, dismissing notions of a “market dump.”

Buterin, known for his directness, told critics in a Twitter post that ETH Foundation cash flows cover essential developer payments and other core ops. “Bro, the ETH Foundation is paying researchers and devs,” he shot back, calling for respect for the work fueling Ethereum’s backbone. His posts listed key duties financed by Foundation funds, spotlighting everything from protocol improvements to community support.

$94M ETH Transfer: Treasury Tactics, Not Market Shockwaves

Fueling these critiques, a recent $94 million ETH transaction to Kraken exchange triggered the buzz. The Ethereum Foundation confirmed it sent the funds as part of “treasury management,” but Buterin clarified there’s no fast-and-loose selling happening here. He explained the Foundation is playing it tactically—limiting sell impact by setting “limit orders” rather than dropping the entire sum in one go.

Some questioned why the Foundation won’t simply stake these funds, securing staking rewards to cover expenses. In response, Buterin highlighted a core concern: staking might “force an official choice” in the event of a hard fork, a contentious network split like Ethereum’s 2016 fork. With staked ETH, the Foundation would risk taking a side, jeopardizing its neutrality.

Decentralization Dreaming: Shifting Staking Power to the Community

Instead of staking, Buterin floated alternative routes to keep the Foundation neutral. He suggested grants to developers or community projects with the option to stake if desired. This approach, he argued, would create a slower ETH distribution model, allowing those receiving grants to stake without tying the Foundation’s hands. Decentralizing staking power might also extend the decision-making to the larger Ethereum ecosystem, adding strength to Ethereum’s decentralization principle.

As Buterin put it, these ideas are still theoretical, yet he seemed adamant about protecting Ethereum’s decentralized spirit. For now, Ethereum’s treasury moves stay in the Foundation’s control, but the long game? That’s a story unfolding on Ethereum’s ever-evolving ledger.