Ethereum Classic (etc), the native currency of its homonymous network, has registered a price rebound in the middle of the crisis that the Ethereum Foundation is going through.
As cryptootics has reported, The entity responsible for promoting the development of the Ethereum network faces internal tensionswhich reached their maximum point in recent days, after new systematic sales of Ether (ETH) were known.
These movements exerted bearish pressure on the price of the native currency of the Ethereum Network. Besides, It caused that it is more relegated against Bitcoin (BTC) or that it registers a lower performance than the Solana (Sun) or XRP.
Currently, ETH price measured in Bitcoin is traded at levels that were not seen since 2021, as seen in the following graphic of TrainingView.
In this context, etc. reached a price of $ 29 in the last 24 hours, which represents a daily rise greater than 8%.
The rebound of etc could be related to the upward trend of the market that drives the price of Bitcoin. Likewise, it should be noted that this movement could be attracting miners with GPUs from other networks, which seek to improve their performance.
At the moment, The hashrate rate reached a maximum peak of 275.97 therahas per second (TH/S)a sign that there are more miners participating in Ethereum Classic. This is reflected by statistics from Coinwarz:
It is important to point out that Ethereum Classic is a bifurcation (fork) of Ethereum that emerged in July 2016as a result of a disagreement in their community on how to handle the hacking of the DAO project (Dentalized Autonomous Organization), which had allowed attackers to steal great ETH sums.
Ethereum Classic uses the consensus method work test (Proof of WorkPow) to ensure your network. Before the transition from Ethereum participation proof (Proof of StakePos) In 2022, both networks shared the ETHASH mining algorithm.
Its ecosystem is smaller than that of the Ethereum network, but it continues to be A platform for intelligent contracts and decentralized applications (DAPPS).
Another difference is that Ethereum Classic has a maximum currency supply set at 210.7 million etc.
Is a second Ethereum foundation born?
As cryptootics has reported, in the midst of these tensions it is speculated that, apparently, Konstantin Lomastuk, the founder of Lido and P2P. Org, would be behind the emergence of an organization parallel to the Ethereum Foundationcalled Second Foundation (Second Foundation, in Spanish).
Speculations arose after the creation of a new account in the social network X called @2nd_foundation_ which in the last hours post “Hello World Computer” (“Hello computer of the world”). In this way, I imitated what was done under the pseudonym “Ethereum Foundation”which since January 13, 2025 had become the official account of this organization in X.
The community reaction has been mixed: Some show enthusiasm, while others express concern, suggesting that this initiative could cause a “fork” or division in the Ethereum project.
Currently, the second foundation account in X has almost 10,000 followers, including important figures of the cryptocurrency ecosystem such as Charles Hoskinson, Cardano co -founder.
