Ethereum Foundation Sells 10K ETH: Is This the End? 🚗💸

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Oh, how thrilling! The Ethereum Foundation has confirmed plans to turn 10.000 ETH, which is roughly 43 milioni di dollari, into actual cash. Because nothing says “trust us” like converting your crypto to fiat right after hitting a new high. 🤡💸 The announcement came via X, where they probably also posted their grocery list and a reminder to feed the cat. 🐱

Since that glorious peak of $4.946 on 24 agosto, Ethereum has been playing the role of a disgruntled toddler, slumping to 4.468 dollari. Is this the end? Or just a bad hair day? 🤷‍♂️

Ethereum Foundation Convinces 10K ETH: A Masterclass in Transparency 🧠

According to the Foundation, they’ll sell 10.000 ETH in fiat over several weeks. Because who doesn’t want to watch their favorite project slowly bleed liquidity? At today’s price, that’s $43,85 milioni-enough to buy a small island, a yacht, and a lifetime supply of existential dread. 🏝️⛵

0/ Transparency Notice: Over several weeks this month, EF will convert 10K ETH via centralized exchanges as part of our ongoing work to fund R&D, grants, and donations. 🧪💰

Conversions will take place over multiple smaller orders, rather than as a single large transaction. Because nothing says “we’re not manipulating the market” like a slow drip of panic. 🧨

– Ethereum Foundation (@ethereumfndn) September 2, 2025

The money will go to research, community grants, and donations. Because nothing says “community” like a foundation that’s basically a cryptocurrency version of a trust fund. 🎯

This strategy follows the June 2025 policy of spending 15% annually and keeping a “buffer” of fiat. Because nothing says “financial responsibility” like hoarding cash while the rest of us try to afford groceries. 🛒

After this sale, the Foundation will still own 189.000 ETH, 21.000 AETHWETH, and 214 WETH-worth $922 milioni. So, they’re not broke. Just… slightly less broke. 🤷‍♀️

Ethereum Has Reached the Top of This Cycle? 🚀

The timing is impeccable. Ethereum dropped from $4.946 to $4.300, and now the Foundation is selling like it’s Black Friday. 🛍️ The price fell 1%, which is the crypto equivalent of a sigh. 💤

But remember, the Foundation has sold 100.000 ETH before-back in 2020-and it worked out great! 🎉 (Spoiler: It didn’t. But hey, optimism is free!)

Will August’s peak be the top, or just a pit stop on the way to infinity? Only the market knows-and it’s clearly too busy crying to answer. 🥺

 

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2025-09-05 17:20