The Ethereum Foundation (EF) has sold 100 ETH for $307,893, marking its third Ethereum sale of the year. This latest transaction brings the Foundation’s total January sales to 300 ETH, valued at approximately $981,200.

Impact on Ethereum’s Price

The sales have contributed to downward pressure on Ethereum’s price, which has fallen over 7% in the last 24 hours amid a broader market decline. As of press time, ETH is trading slightly above $3,000, according to CryptoSlate data.

Despite these sales, the Ethereum Foundation retains significant reserves, with 269,175 ETH—worth an estimated $817 million—according to Arkham Intelligence.

Growing Calls for Change

The Foundation’s recent sales have intensified scrutiny, with critics urging the organization to innovate and stabilize its ecosystem in the face of increasing competition from rival blockchains like Solana.

Justin Sun, the founder of the Tron blockchain, has proposed measures such as staking the Foundation’s assets and halting further ETH sales to reduce market volatility. He also emphasized the need for an enhanced user experience to attract developers and institutional participants.

In response to these challenges, the Ethereum Foundation announced plans to allocate 50,000 ETH—valued at roughly $165 million—to bolster its decentralized finance (DeFi) ecosystem. Co-founder Vitalik Buterin has pledged reforms to increase transparency and improve support for developers. However, he has firmly rejected calls for Executive Director Aya Miyaguchi’s resignation, condemning targeted campaigns against the Foundation.

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