100 More Ethers Sold by Ethereum Foundation

In total, they have sold 300 Ethers for 980,388 DAI in the first month of 2025 so far.

The Ethereum Foundation's recent sale reignited debates within the crypto community regarding its impact on Ethereum's (ETH) market performance. One user criticized the Ethereum Foundation’s move of aggressively dumping their tokens.

Among the main questions concerning ETH holders is whether the tokens couldn’t have been used for on-chain activities like staking.

Previously, Ethereum co-founder Vitalik Buterin clarified that staking was not a good option due to regulatory concerns and neutrality. He noted that it would make Ethereum take a position on which version of the blockchain it supports in case of a contentious hard fork.

An account with the username @iamDCinvestor noted that although the Ethereum Foundation said they are working on addressing the issue next year, they want to see the change much sooner.

Ethereum Foundation member Josh Stark replied to this post, referring to Ether’s use cases. He mentioned that the entity uses Ether for different purposes, including swapping ETH for stablecoins, paying grantees and team members, and running events like Devcon and Devconnect.

However, EF’s clarifications weren't received unanimously by users. @ahitposter on X commented on the reply, saying the foundation mainly uses the chain to sell coins.

At the time of writing, ETH trades at around $3,120. It’s 6% down in the last 24 hours amid the overall market decline.

The Ethereum Foundation (EF) is a non-profit group that supports Ethereum and its ecosystem. They help fund core development, encourage research, and promote decentralized apps built on the Ethereum blockchain.