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Ethereum Foundation Plans to Sell 10K ETH: Critics Call for ETH-Only Compensation

Ethereum Foundation Plans to Sell 10K ETH: Critics Call for ETH-Only Compensation

The Ethereum Foundation (EF) recently dropped a transparency notice that's got the crypto community buzzing. In a post on X, they announced plans to convert 10,000 ETH over the next few weeks through centralized exchanges. The goal? To fund research and development (R&D), grants, and donations. They're breaking it up into smaller orders to avoid slamming the market with one big sell.

But not everyone's thrilled. Enter Mister Todd, aka @pondermint, who quoted the EF's announcement with some sharp advice: "If you can’t feed and prosper your far flung Ethereum initiatives in ETH as a payment - you have the wrong people and or need to cut back a lot. Work for Ethereum and take comp in Ethereum. Cut the fluff and reboot." His take? The EF should stick to paying in ETH and trim any unnecessary expenses. It's a call for more efficiency and true alignment with Ethereum's native token.

This conversation hits home for the meme token world, where Ethereum's layer-1 and layer-2 solutions are playgrounds for viral projects. Meme tokens like PEPE or DOGE-inspired variants thrive on low fees and community hype, but big ETH sell-offs can ripple through the market, potentially pressuring prices and affecting liquidity for these fun, speculative assets. If the EF is cashing out ETH to fiat or stablecoins, it raises questions about confidence in ETH as a store of value—something meme creators and holders watch closely.

For blockchain practitioners dipping into memes, this is a reminder to build lean. Why sell ETH if you can incentivize teams with it directly? It promotes decentralization and keeps everyone vested in the ecosystem's success. One reply to Todd's post even asked, "For can I work for Ethereum, is it buy holding or what?"—highlighting the confusion and interest in getting involved.

Overall, this move by the EF underscores the ongoing tension between funding real-world operations and staying true to crypto ideals. As meme insiders, we're keeping an eye on how this plays out for Ethereum-based tokens. If you're building or trading memes on ETH, consider stacking more during dips caused by such announcements—it could be a reboot opportunity in disguise.

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