Ethereum Foundation Faces Backlash For ‘Dumping’ $100 Million ETH After Saying ‘Believe In somETHing’
Posted On July 30, 2025
Cryptocurrency analyst J.A. Maartun called out the Ethereum Foundation on Tuesday for selling a large chunk of its Ethereum (CRYPTO: ETH) holdings contrary to its public messaging.
What happened: In an X post, Maartun, known for tracking on-chain movements, highlighted that the non-profit organization has offloaded 25,833 ETH, worth $98.98 million at prevailing prices, in the last few months.
“Is this what belief looks like?” Maartun asked the Ethereum Foundation. “Follow actions, not words.”
The accusation of hypocrisy comes after the foundation, dedicated to promoting and developing Ethereum-related technologies, wrote, “believe in somETHing” in an X post.
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