Brains not working? The Ethereum Foundation is under fire for repeated ETH sell-offs
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Ethereum is off to a rocky start in 2025, and the vibrant development community is not happy. According to reports, Ethereum Foundation He recently transferred a large amount of ether. The organization’s transactions for transferring and selling its tokens became even more chaotic when one of its employees tried to explain the situation, leading to a lot of backlash.
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The last transactions of Ethereum have taken place since then Bitcoin And other tokens have been torn up charts. In terms of price, Ethereum It is trading between $3,200 and $3,384, which is a long way from the 2021 high of $4,870.
What’s up, Ethereum Foundation?
The Ethereum Foundation, the main organization supporting blockchain development, is not helping the cause. Regardless of their primary intention or goals of offloading huge tranches of ETH, these moves still leave a bad taste in the mouths of most coin holders and supporters.
According to a recent Spot On Chain post on Twitter/X, the institution recently transferred another 100 ETH for 336,475 DAI. According to the calculation, the foundation sold 200 ETH tokens for $67,000 in the first few days of 2025 at an average cost of $3,361. ETH is 31% below its 2021 high of $4,878, while Bitcoin continues to retest its highs and is currently breaching the $109,000 level, the account added.
[ATTENTION] The Ethereum Foundation just sold another 100 coins $ Ethereum For 336,475 $DAI!
In total, they sold 200 $ Ethereum ($672K) in 2025 with an average price of $3,361 over the past 12 days.$ Ethereum It is still 31% below the 2021 ATH of $4,878, while $ Bitcoin I reached a new ATH of $109k today!… https://t.co/9CWWVsrfhj pic.twitter.com/ZOr504i1HG
– Spot on Chain (@spotonchain) January 20, 2025
Comments from ether supporters provoke negative reactions
The organization’s most recent transaction, a 100 token sale, came after Josh Stark’s comments surfaced. Stark, a popular ETH proponent, defended the foundation’s decision to sell these ETH tokens, arguing that they are still actively using the blockchain’s native token.
EF uses Ethereum all the time, for example to (1) swap ETH for stables (usually @CoWSwap) and (2) payment to people (patrons, team members) in stables and ETH, on mainnet and L2s. The events we run (such as Devcon and Devconnect) take onchain payments and use the onchain ID for tickets.
– Josh Stark (@0xstark) January 20, 2025
In a post on Twitter/X, Stark explained that the organization uses its own tokens every time. These tokens purchase stablecoins, pay their people with stablecoins, and support blockchain events.
Stark’s comments were not liked by some cryptocurrency watchers and commentators. Twitter/X user WazzCrypto hit out at Stark for using “dumping” ETH as an explanation for backing the foundation’s transactions. User @VelvetMilkman was disappointed with Stark, arguing that it was a poor excuse for using altcoins.
Meanwhile, X Trading_Ax user has a more scathing stance, and no comment is off limits in dealing with this issue:
Their brains actually don’t work at all.
Damn do you need 300k urgently?
What could you need, as an ETHEREUM Foundation, when the whole world is watching, and you need 300,000 public sell orders?
Stray cockroaches.
Retar Due.
– (@trading_axe) January 20, 2025
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Buterin sets record straight for ETH
Many critics say that Ethereum is losing ground to other blockchains, especially Solana. As such, many recommend that Ethereum stake its tokens rather than sell them for returns. The increasing number of comments and criticisms directed against the institution have caught the attention of Vitalik Buterin, co-founder of Ethereum.
Buterin said the team also explored several options, including storing their own tokens. However, regulatory issues and potential problems with hard forks prevented them from doing so. Although there is currently a friendly regulatory environment, the risks associated with staking are still high.
Featured image from ETF Stream, chart from TradingView
