In a recent sale of 100 ETH by Ethereum Foundation valued at approximately $336,000 has led to a debate in the cryptocurrency community. This transaction adds to a much larger amount of ETH sell-offs which is around 4,566 ETH since January 2, 2024 as per Lookonchain.

The #Ethereum Foundation sold 100 $ETH($336K) again 25 mins ago.#Ethereum Foundation has sold a total of 4,566 $ETH($12.96M) since Jan 2, 2024.https://t.co/DvIQFqZ96D pic.twitter.com/RBeXyPYgGP

— Lookonchain (@lookonchain) January 8, 2025

Vitalik Buterin Addressed Concerns in the Past

Back in October 2024, Vitalik Buterin addressed the concerns raised by the community regarding the ETH sales carried out by Ethereum Foundation. Buterin clarified that those ETHs were not sold but were being used for paying researchers and developers responsible low transaction fees, instant speed and other things that contribute to the development and maintenance of the platform.

Even though no explanation has been provided for the recent 100 ETH sold today but the some of the community members might take this to be for the same reason.

Community Fears Drop in Ethereum Prices

Despite Buterin’s assurances in the past, some community members still remain cautious and are critical of these moves. They argue that the Foundation’s sales, especially when coinciding with market peaks may lead to price volatility.

The recent has again intensified the past concerns as the price of the ETH token plummeted. At press time, the token price stands at $3,361.91 with a dip of 7.7% in the last 24 hours.

This dip in the token price has raised concerns within the community. The investors have also become anxious due to ETH sales Ethereum Foundation has made today and has led to decreased investor confidence and has spread a sense of fear within the community members and further intensifying the debate surrounding the Foundation’s strategy.

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