Brains Not Working? Ethereum Foundation Under Fire For Repeated ETH Sell-Offs
Ethereum is facing challenges in early 2025, with the Ethereum Foundation's recent sale of substantial Ether causing discontent among its developer community. The foundation sold 200 ETH for $67,000 and moved another 100 ETH for 336,475 DAI, while Ethereum's price fluctuates between $3,200 and $3,384, significantly below its 2021 peak of $4,870. Supporter Josh Stark defended the foundation's actions, stating they utilize ETH for operational expenses, but faced backlash from critics who deemed his justification inadequate. Many observers argue that Ethereum is losing competitiveness against blockchains like Solana and suggest staking tokens instead of selling them. Co-founder Vitalik Buterin acknowledged exploring staking options but cited regulatory concerns and risks associated with a hard fork as barriers.
