Ethereum has gotten off to a rocky start in 2025, and its vibrant developer community is not happy. According to reports, Ethereum Foundation has recently moved a significant amount of Ether. The foundation’s transactions to move and sell its tokens got messier when one of its employees tried to explain the situation, generating quite a bit of backlash.
Ethereum’s most recent transactions have occurred since then Bitcoin and other top symbols have run through the charts. price wise, Ethereum trading between $3,200 and $3,384, which is too far from the 2021 high of $4,870.
What’s up, Ethereum Foundation?
The Ethereum Foundation, the primary organization supporting the development of the blockchain, is not helping matters. Regardless of the intent or the overarching goals of unloading massive ETH tranches, these moves still leave a bad taste in the mouths of most holders and supporters.
According to a recent post by Spot On Chain on Twitter/X, the foundation recently moved an additional 100 ETH in exchange for 336,475 DAI. According to the account, the foundation sold 200 ETH tokens for $67k in the first days of 2025 at an average cost of $3,361. The account added that ETH is 31% below its 2021 high of $4,878, while Bitcoin continues to retest its highs and has currently breached the $109k level.
(NOTE) The Ethereum Foundation just sold another 100 $ETH for 336,475 $DAI!
In total they have sold 200 $ETH ($672,000) 2025 at an average price of $3,361 in the last 12 days.$ETH remains 31% below its 2021 ATH of $4,878, while $BTC has reached a new ATH of $109K today!… https://t.co/9CWWVsrfhj pic.twitter.com/ZOr504i1HG
— Spot On Chain (@spotonchain) January 20, 2025
Ether supporters’ comments give negative feedback
The foundation’s latest transaction, the sale of 100 tokens, came after Josh Stark’s comments came to light. Stark, a popular ETH supporter, defended the foundation’s decision to sell these ETH tokens, arguing that they are still actively using the blockchain’s original token.
EF uses Ethereum all the time, for example to (1) exchange ETH for stable (usually @CoWSwap) and (2) to pay people (contributors, team members) in stables and ETH, on mainnet and L2s. Events we run (like Devcon and Devconnect) take onchain payments and use onchain IDs for tickets.
— Josh Stark (@0xstark) January 20, 2025
In a post on Twitter/X, Stark explained that the foundation uses its tokens every time. These tokens buy stablecoins, pay their people in stablecoins and support blockchain events.
Stark’s comments did not sit well with some crypto observers and commentators. Twitter/X user WazzCrypto slammed Stark for using ETH “dump” as an explanation to support the foundation’s transactions. User @VelvetMilkman was disappointed with Stark, claiming it’s a lame excuse for using altcoins.
Meanwhile, X-user Trading_Axe has a more scathing, and no holds barred take on the matter:
Their brains don’t actually work at all.
Damn you need 300K for that urgent?
What would you POSSIBLY need, as the ETHEREUM FOUNDATION, with the whole world watching, 300K OF A PUBLIC SELL ORDER for?
Mindless cockroaches.
Challenge Dio.
— ً (@trading_axe) January 20, 2025
Related reading
Buterin sets record for ETH
Many critics say that Ethereum is losing ground to other blockchains, especially Solana. As such, many people recommend that Ethereum stake their tokens instead of selling them to generate returns. The increasing number of comments and criticisms against the foundation has been noticed by Vitalik Buterin, the co-founder of Ethereum.
Buterin said the team has also explored many options, including staking its tokens. But regulatory issues and potential problems with the hard fork prevented them from doing so. Although there is a friendly regulatory framework right now, the risks associated with betting are still high.
Featured image from ETF Stream, charts from TradingView
