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The Ethereum Foundation faces criticism for selling ETH
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The Ethereum Foundation’s move to support Ethereum’s DeFi ecosystem comes after months of criticism accusing it of not caring enough about the space. The Ethereum Foundation said it will allocate 50,000 Ether worth around $165 million to support Ethereum’s decentralized finance ecosystem
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Some in the Ethereum community have attributed the foundation’s perceived lack of engagement and leadership to Ether’s poor price performance relative to Bitcoin (BTC) and Solana (SOL) over the past few months
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