Ethereum Foundation's Big ETH Sale Plan

The Ethereum Foundation has announced ambitious plans to sell 10,000 ETH in small increments over several weeks. This is not a one-off event; the Foundation regularly sells ETH to fund research, grants, and donations. The news was shared on X, a popular social media platform.

ETH Price Surge

The current price of ETH is approximately $4,330, a significant value. To avoid market disruption, the Foundation will sell the ETH in small batches, ensuring a stable market impact.

Previous Sales & New Strategy

This is not the Foundation's first sale. In July, they sold 10,000 ETH to SharpLink Gaming, marking the first time a publicly traded company purchased ETH directly from the Foundation.

The Foundation has introduced a new treasury policy, aiming to reduce annual spending and save for the future. This cautious approach aligns with their long-term financial goals.

Market Impact & Future Plans

With ETH reaching an all-time high in late August, the Foundation stands to gain significantly. However, they remain strategic, avoiding large-scale sales that could destabilize the market.