The underperformance of the major altcoin, especially in relation to Solana (SOL) and Bitcoin's (BTC) massive rise in 2024, was a major point of discouragement
The Ethereum Foundation has sold another 100 ETH in the past few hours. This latest sale was for 336,475 DAI, bringing the total ETH sold so far in 2025 to 200 ETH, which is worth around $672,000 at an average price of $3,361 over the past 12 days.
The foundation has been gradually selling off its ETH holdings throughout 2025, with the proceeds being used to cover the organization's operating costs. This strategy has been met with some criticism from the Ethereum community, especially given the poor performance of ETH relative to other cryptocurrencies in recent years.
However, Vitalik Buterin, the co-founder of Ethereum, has defended the foundation's actions, saying that they are necessary to ensure the long-term sustainability of the project.
“We need to keep ourself in check and not overspend. This is why we're slowly selling off our ETH holdings to keep ourself afloat. We know it's not ideal, but we hope you can understand,” Buterin said in a statement.
The price of ETH has remained largely stagnant in 2025, despite the strong performance of other cryptocurrencies. This has led to increasing pressure on the foundation to take more drastic measures to boost the value of ETH.
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