Ethereum Foundation’s Shady Transactions Draw Ire From ETH Community

Ethereum is off to a rocky start this 2025, and its vibrant dev community isn’t happy. According to reports, the Ethereum Foundation has recently moved a substantial amount of Ether.

The Ethereum Foundation recently sold 100 ETH for 336,475 DAI, according to Spot On Chain on Twitter/X. This brings the total ETH sold by the foundation to 200 tokens in the first few days of 2025.

At an average cost of $3,361, the foundation sold these tokens over the exchange. This puts ETH 31% below its 2021 high of $4,878, while Bitcoin continues to retest its highs and breached the $109k level.

Foundation’s Ether Transactions Leave a Sour Taste

The Ethereum Foundation, the primary organization supporting the development of the blockchain, is not helping the cause. Regardless of its intention or the overriding objectives for unloading massive ETH tranches, these moves still leave a bad taste in the mouths of most holders and supporters.

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’re still actively using the blockchain’s native token.

In a Twitter/X posting, Stark explained that the foundation uses its tokens every time. These tokens buy stablecoins, pay their people in stablecoins, and support the blockchain’s events.

Stark’s comments didn’t sit well with some crypto observers and commentators. Twitter/X user WazzCrypto hit Stark for using ETH “dump” as an explanation to support the foundation’s transactions. User @VelvetMilkman was disappointed with Stark, arguing that it’s a lame excuse for using the altcoins.

Meanwhile, X user Trading_Axe has a more scathing, and no holds barred take on the issue. Buterin Sets The Record Straight For ETH

Many critics say Ethereum is losing ground against other blockchains, particularly Solana. As such, many recommend that Ethereum stake its tokens instead of selling them to generate yields. The increasing number of comments and criticisms against the foundation has caught the attention of Vitalik Buterin, Ethereum’s co-founder.

Buterin said the team has also explored many options, including staking their tokens. However, regulatory issues and potential problems with the hard fork prevented them from doing so. Although there’s a friendly regulatory environment right now, the risks associated with staking remain high.