Ethereum Foundation’s Token Sales Continue Despite Vitalik’s Major Restructuring

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In recent hours, the Ethereum Foundation, often seen as the key non-profit entity behind the top contender in the world of alternative cryptocurrencies, has launched another round of selling Ethereum (ETH) tokens.

According to information from Spot On Chain, it was discovered that the foundation recently sold another 100 ETH for approximately 336,475 DAI, a decentralized stablecoin linked to the U.S. dollar. However, this is not the whole story but rather a part of it, as since the start of 2025, the organization has offloaded a total of 200 ETH, valued at around $672,000, over the past 12 days, with an average price per ETH of $3,361.

As I watch the crypto market unfold, it’s clear that Ethereum is still 31% shy of its peak price ($4,878) from 2021, while Bitcoin has just hit another record high at nearly $110,000 today. This stark contrast between Ethereum and the meteoric rise of Bitcoin (particularly Solana in 2024) has been a source of disappointment within the Ethereum community.

It didn’t make things better for ETH supporters that the foundation was constantly liquidating its assets. While Vitalik Buterin, Ethereum‘s innovative founder, defended these moves as a way to reduce operating expenses, it’s the underperformance relative to major competitors that stands out.

It’s worth noting that Vitalik has just announced a significant overhaul within the Ethereum Foundation.

Prominent issues discussed included leadership gaps and the need for a more active approach towards community development. Many welcomed this restructuring, yet it’s important to note that Vitalik’s proposed major changes have not influenced the Foundation’s Ethereum sales as of now.

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2025-01-20 17:26