The donation was from the Ethereum Foundation who got their ETH for free and has been dumping on suckers willing to pay for it ever since.
The donation was from the Ethereum Foundation who got their ETH for free and has been dumping on suckers willing to pay for it ever since.
That's exactly it. They pre mined all their ETH, then switched to PoS to maintain their majority influence over the network.
ETH is crypto fiat. Their pockets are deep, because they can print tokens for free.
