Ethereum co-founder Vitalik Buterin responded strongly to accusations that he sold ETH in the past month, asserting on Twitter that he has not sold any, and that his holdings have actually increased. He addressed ongoing criticism of the Ethereum Foundation, dismissing claims that it is 'dumping' ETH, and clarified that fund movements are necessary for compensating researchers and developers. Buterin emphasized the importance of these employees in preventing ETH loss due to proof of work and ensuring low transaction fees. He also explained that the Foundation's fund transfers are strategic to reduce market impact and avoid being forced to make decisions during potential contentious hard forks. Instead of staking ETH, which could complicate neutrality, he suggested distributing Ethereum grants and encouraging recipients to stake them, aligning with the decentralization ethos of crypto. This response came amid scrutiny following a transfer of $94 million in ETH by the Foundation to a centralized exchange.

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