11-7-2025 – The Ethereum Foundation (EF) confirmed that a sale of 1,210 ETH, worth approximately $3.4 million, was conducted by Argot Collective, not the EF, dispelling earlier speculation. Hsiao-Wei Wang, EF’s co-executive director, clarified in a post on X that the address involved belongs to Argot Collective, a non-profit spun off from EF to advance Ethereum’s technical infrastructure.
Argot Collective, founded by former EF developers, focuses on maintaining critical tools like the Solidity programming language, essential for Ethereum’s smart contract ecosystem. The EF recently committed to three years of funding for Argot to ensure the stability and security of Ethereum’s development environment. The sale, initially mistaken for an EF transaction, raised concerns due to the Foundation’s history of periodic ETH sales to manage its treasury, but Wang’s statement confirms Argot’s independent action.
The clarification comes amid heightened market attention on Ethereum, with ETH trading at $2,816 as of July 10, per crypto.news. Recent EF moves, including a new treasury policy and support for groups like Argot, reflect efforts to balance ecosystem growth with financial sustainability. Argot’s work is expected to bolster Ethereum’s infrastructure, supporting its long-term adoption by developers and institutions.
