Ethereum Foundation faces pressure as it continues 100 ETH sales amid market drops
The Ethereum Foundation sold 100 ETH for $307,893, marking its third sale in January 2025, totaling 300 ETH valued at approximately $981,200. This activity has contributed to a 7% drop in Ethereum's price, which is now just above $3,000. The Foundation retains significant reserves of 269,175 ETH, worth about $817 million. There are increasing calls for innovation and restructuring within the Foundation due to competition from blockchains like Solana. Justin Sun suggested focusing on user experience and halting further ETH sales to stabilize the ecosystem. Paradigm emphasized the need for accelerated development to enhance Ethereum's responsiveness to market trends. In response, the Foundation plans to allocate 50,000 ETH to support its decentralized finance ecosystem. Vitalik Buterin has promised reforms for transparency and developer support but rejected calls for the resignation of Executive Director Aya Miyaguchi.
