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    Brains Not Working? Ethereum Foundation Under Fire For Repeated ETH Sell-Offs

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    Ethereum is off to a rocky begin this 2025, and its vibrant dev group isn’t blissful. In accordance with stories, the Ethereum Foundation has just lately moved a considerable quantity of Ether. The muse’s transactions to maneuver and promote its tokens turned messier when certainly one of its workers tried to clarify the scenario, producing plenty of backlash.

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    Ethereum’s latest transactions have occurred since Bitcoin and different high tokens have been ripping via the charts. Value-wise, Ethereum is buying and selling between $3,200 and $3,384, which is simply too removed from 2021’s excessive of $4,870.

    What’s Up, Ethereum Basis?

    The Ethereum Basis, the first group supporting the event of the blockchain, just isn’t serving to the trigger. No matter its intention or the overriding aims for unloading large ETH tranches, these strikes nonetheless depart a foul style within the mouths of most holders and supporters.

    In accordance with a latest publish by Spot On Chain on Twitter/X, the muse has just lately moved one other 100 ETH in trade for 336,475 DAI. In accordance with the account, the muse bought 200 ETH tokens for $67k within the first few days of 2025 at a mean price of $3,361. The account added that ETH is 31% under its 2021 excessive of $4,878, whereas Bitcoin continues to retest its highs and at present breached the $109k degree.

    Ether Supporter’s Feedback Draw Destructive Suggestions

    The muse’s newest transaction, the sale of 100 tokens, got here after Josh Stark’s feedback got here to gentle. Stark, a preferred ETH supporter, defended the muse’s resolution to promote these ETH tokens, arguing that they’re nonetheless actively utilizing the blockchain’s native token.

    In a Twitter/X posting, Stark defined that the muse makes use of its tokens each time. These tokens purchase stablecoins, pay their folks in stablecoins, and help the blockchain’s occasions.

    ETH is at present buying and selling at $3,297. Chart: TradingView

    Stark’s feedback didn’t sit nicely with some crypto observers and commentators. Twitter/X consumer WazzCrypto hit Stark for utilizing ETH “dump” as an evidence to help the muse’s transactions. Person @VelvetMilkman was dissatisfied with Stark, arguing that it’s a lame excuse for utilizing the altcoins.

    In the meantime, X consumer Trading_Axe has a extra scathing, and no holds barred tackle the difficulty:

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    Buterin Units The Report Straight For ETH

    Many critics say Ethereum is dropping floor towards different blockchains, notably Solana. As such, many suggest that Ethereum stake its tokens as an alternative of promoting them to generate yields. The growing variety of feedback and criticisms towards the muse has caught the eye of Vitalik Buterin, Ethereum’s co-founder.

    Buterin mentioned the staff has additionally explored many choices, together with staking their tokens. Nonetheless, regulatory points and potential issues with the laborious fork prevented them from doing so. Though there’s a pleasant regulatory atmosphere proper now, the dangers related to staking stay excessive.

    Featured picture from ETF Stream, chart from TradingView



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