The ETH trading activities of the Ethereum Foundation have attracted market follow.

Recently, an on-chain operation by the Ethereum Foundation has attracted widespread attention in the market. In the early hours of August 24, the foundation transferred 35,000 ETH to a certain trading platform, a move that sparked discussions about its trading strategy.

Looking back at history, the Ethereum Foundation has conducted large-scale transactions at market peaks multiple times. For example, on May 17, 2021, the foundation sold 35,053 ETH at an average price of $3,533, after which the market experienced a significant decline. On November 11 of the same year, the foundation sold 20,000 ETH at an average price of $4,677, after which the market began to decline. These actions have led some investors to view the foundation as having foresight.

However, from a longer-term perspective, the foundation's trades do not always accurately capture market peaks. Data shows that the foundation conducted large-scale trades in December 2020 and March 2021, but these trades occurred before the significant rise in ETH prices, missing out on the subsequent substantial gains.

Regarding the recent ETH transfer, the Executive Director of the Foundation explained that it is part of its fund management activities. The Foundation budgets approximately 100 million USD each year, mainly for grants and salary expenses, with some recipients only accepting fiat currency. It is worth noting that this ETH transfer is not equivalent to an immediate sale; the Foundation may develop a plan to gradually carry out the transactions.

According to the analysis, after this transfer, the foundation still holds approximately 273,000 ETH, accounting for 0.25% of the total supply. The foundation's funds are mainly used for global conferences, online courses, and innovative projects. The 2021 report shows that the foundation's total expenditure on internal expenses, external grants, and rewards was $48 million.

From a market impact perspective, compared to the recent large-scale net outflow of a certain ETH ETF, the foundation's transaction scale of 35,000 Ether is relatively small. However, such transactions may affect market sentiment, such as shaking the confidence of holders or triggering a follow-up sell-off.

To enhance community confidence, the foundation may consider disclosing financial information more frequently and in greater detail, including team expenditures, ETH trading plans, and fund usage. This approach helps stabilize community sentiment and increases Ethereum holders' understanding and support for the foundation.

In the future, we look forward to the Ethereum Foundation attracting more developers and users to this leading smart contract blockchain through continuous technological innovation, community operations, and market education, thus promoting further development of the ecosystem.