The transaction occurred at a time when the EF is wrapped in criticism by users.
After knowing the new sales, users reacted negatively, and others with more caution.
Despite the criticisms received by the users, the Ethereum Foundation (EF) made a new sale of Ether, Token Native of the Ethereum Network (ETH).
Known this movement, many Users reacted negatively Before the new transaction of the EF, of January 27, 2025, in which he sold 100 ETH for a total of almost 308,000 dollars in the Stablecoin DAI.
For example, the Trader with the pseudonym “raar3s” in X not only was annoyed by sales, but especially at the time when that transaction It was made.
“Simply amazing how they are selling in the worst possible time.”
User in X.
As Cryptonoticia notified, today January 27, 2025, the cryptocurrency market was strongly affected and woke up giving losses to the majority of cryptoactives. In that context, selling 100 eth would have further increased the offer in the Ether market, added to the sales of other investors and users who left Ethereum on that day.
The new sales made of the EF agreed to the drop in the price of ETH to the area of 3,000 dollars today, which implied a decline of about 6% compared to the previous day, according to COIN MARKET CAP.
In unison, the user in X, atikznft, wrote A series of questions, which he acknowledged not having an answer about the actions of the Ethereum Foundation:
“The Ethereum Foundation really serves something more than to sell ETH in the open market? Is there anything else they have done that it has been purely positive? I am confused. “
User in X.
In this line, a W developerEB3Greg Tomaselli, reflected his concern about the context in which these sales were made, awarding negative conditions Market and Ethereum evolution:
“This is really shocking given the current context around the Ethereum Foundation and market conditions. What rays are they using that money? Are they handling an efficient operation, with so many expenses and so little result in recent years? ”
User in X.
On the other hand, other users They did not assume this operation as a negative movement. Such is the case of the user under the name “Testovsky_eth”, which let In clear a slightly more cautious posture before these new sales:
“Nothing to do here, only usual expenses of the EF.”
User in X.
The Ethereum Foundation sold more than $ 300,000 in Ether
The Ethereum Foundation, a non -profit organization that encourages the development of the Ethereum Network, sold 100 Ether, for almost $ 308,000 in the Stablecoin Dai. Adding two previous transactions of similar amounts, the EF sold almost 1 million dollars in Ether since it began 2025.
The transaction was observed by the Ochain Lens analysis platform, which identified the Wallet which executed the operation linked to the EF: “0xD779332C5A52566dada11A075A735B18DAA6C1F4”.
Through the site on-line Etherscan You can confirm the wallet movements indicated:
This movement occurs in a context of controversies in the ecosystem of the network co -founded by Vitalik Butein. During January 2025 criticisms were deepened of participants of the Ethereum community towards the EF, product of the sales of their Ether reserves to finance their expenses.
Why do users question these EF sales? According to cryptootics, many of them consider that EF financing with their ETH reserves, instead of managing funds in another way, it is a habit that is causing a negative impact on the price of this cryptocurrency.
On January 21, the first movements of the EF in the decentralized finance environment (DEFI), since a member of this body assured that the EF would have carried out transactions in AAVE, one of the largest decentralized loan protocols in Ethereum. This movement aims to help the foundation to finance and reduce the sale pressure in the Ether market.
After a new movement of the Ethereum Foundation of January 27, the management of its reserves remains a relevant issue among the users of this chain, who express their concern because ETH does not perceive the same market yields as other cryptoactives.
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