Ethereum is off to a great start this 2025, and its vibrant dev community is not happy. According to reports, the The basis of Ethereum recently transferred a large amount of Ether. The foundation's dealings with transferring and selling its tokens took a turn for the worse when one of its employees tried to explain the situation, generating a lot of backlash. .
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The exchange rate of Ethereum to Ethereum has increased against tala Bitcoin and other major indicators have been ripping through the charts. In terms of price, Ethereum trading between $3,200 and $3,384, which is a long way from the 2021 level of $4,870.
What's up, Ethereum Foundation?
The Ethereum Foundation, the main organization supporting blockchain development, is not helping the cause. Regardless of his intention or the most important goals for loading large amounts of ETH, these moves still leave a bad taste in the mouth of most holders and supporters.
According to a recent post by Spot On Chain on Twitter/X, the foundation has recently transferred another 100 ETH in exchange for 336,475 DAI. According to the account, the foundation sold 200 ETH tokens for $67k in the first few days of 2025 at an average cost of $3,361. The report said that ETH is 31% below its 2021 peak of $4,878, while Bitcoin continues to retest its highs and is currently breaking the $109k mark.
(ATTENTION) The Ethereum Foundation has just sold another 100 $ETH bought for 336,475 $ DAI!
In total, they have sold 200 $ETH ($672K) in 2025 at an average price of $3,361 over the past 12 days.$ETH still 31% below its 2021 ATH of $4,878, while $BTC hit a new ATH of $109K today!… https://t.co/9CWVsrfhj pic.twitter.com/ZOr504i1HG
– Spot On Chain (@spotonchain) January 20, 2025
Ether supporter comments draw negative feedback
The foundation's last transaction, a sale of 100 tokens, came after Josh Stark's comments came to light. Stark, a popular supporter of ETH, defended the foundation's decision to sell those ETH tokens, arguing that they are still actively using the blockchain's native token.
The EF uses Ethereum all the time, for example to (1) exchange ETH for stables (usually @CoWSwap) and (2) to pay people (donations, team members) in stables and ETH, on mainnet and L2s. Events we run (like Devcon and Devconnect) take onchain payments and use onchain ID for tickets.
– Josh Stark (@0xstark) January 20, 2025
In a Twitter/X post, Stark explained that the foundation uses its tokens every time. These tokens buy stable, pay their people in stable, and support blockchain events.
Stark's comments did not sit well with some crypto observers and commentators. Twitter user /X WazzCrypto slammed Stark for using an ETH “dump” as an explanation to support the foundation's transactions. User @VelvetMilkman was disappointed with Stark, arguing that it is a lame excuse to use the altcoins.
At the same time, X user Trading_Axe is smarter, and there is no restriction on accepting the case:
In fact their brains don't work at all.
The fuck you need 300K for so urgent?
What could you, as an ETHEREUM foundation, when the whole world is watching, need 300K of public sale order for it?
mindless cockroaches.
Challenge God.
— ً (@trading_axe) January 20, 2025
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Buterin sets the record straight for ETH
Many critics say that Ethereum is losing ground against other blockchains, especially Solana. Therefore, many recommend that Ethereum take its tokens instead of selling them to generate income. The growing number of comments and complaints against the foundation has caught the attention of Vitalik Buterin, the co-founder of Ethereum.
Buterin said the team has also explored many options, including deploying their signals. However, regulatory issues and potential problems with the hard box prevented them from doing so. Although there is currently a friendly regulatory environment, the risks associated with investment are still high.
Featured image from ETF Stream, chart from TradingView
