🚨 Ethereum Foundation Dumps $3.5M in ETH at $2900—Time to Panic or Buy the Dip?

Ethereum's biggest backers just made a move that’s shaking crypto markets. The Ethereum Foundation offloaded $3.5 million worth of ETH at $2,900—sparking instant FUD among retail bagholders.

Follow the smart money... or run for cover?

Foundation sales historically precede volatility. This dump—while small compared to their reserves—comes as ETH tests key resistance levels. Bulls argue it’s routine treasury management; bears scream insider timing.

The cynical take: Nonprofits shouldn’t trade like hedge funds... but in crypto, everyone’s a degenerate with a spreadsheet.

One thing’s certain: When the guys who built the blockchain cash out, the market listens. Whether you see this as a warning flare or a buying opportunity depends how much Kool-Aid you’ve drunk today.

But why is this a worrying signal? Well, there are certain things that the crypto community has playfully earmarked as bad news in the past few cycles. For instance, whenever you start seeing Jim Cramer talking about how Bitcoin is the greatest asset and that he owns millions of it, it’s time to unpack. The Ethereum Foundation selling has kind of been the same sign, at least on multiple occasions.

The entity sells ETH to fund development and it’s usually offloading during rallies, oftentimes marking local tops.

Of course, that’s not always the case. For example, last year, it sold different batches of ETH in September, October, and November, while the cryptocurrency achieved a local top in December.