The Ethereum Foundation Plans Significant ETH Sale
On September 2, the Ethereum Foundation revealed plans to sell 10,000 Ethereum coins (ETH), valued at around $43 million. The funds raised will support various initiatives like research, advancement, community grants, adn charitable causes.
This move is consistent with the Treasury Framework the Foundation launched in June. This policy outlines annual spending limits and mandates quarterly ETH-to-fiat conversions to enhance financial predictability and sustain ecosystem growth.
- Ethereum Foundation announces sale of 10,000 ETH this month.
- Proceeds to fund research,community grants,and charity.
- Sale part of structured treasury management plan.
While some worry about market impact, especially with ETH near $4,300, the Foundation assured that the sale will occur in smaller batches to minimize disruption.
Currently, ETH faces challenges, dropping 1.4% today and 6.2% weekly. Nonetheless,it’s up 22% this month due to late-August gains surpassing $4,900. Institutional interest in ETH is significant, with companies like BitMine Immersion and SharpLink Gaming consistently buying billions in Ether.
Ethereum whales are also active buyers, accumulating 260,000 ETH in just one day.Such data suggests ongoing faith in ETH’s long-term future. Thus, despite the Foundation’s sale, continued institutional and whale activity might position ETH for a rebound.
