Ethereum Foundation Is Dumping ETH Again, Is This The Top?
The Ethereum Foundation has confirmed plans to transform 10,000 ETH, value round $43 million, into fiat over the course of this month. The transfer, which was introduced by the Ethereum Foundation’s official account on the social media platform X, comes lower than two weeks after Ethereum set a brand new all-time high of $4,946 on August 24. Since reaching that peak, Ethereum has fallen by 11.6%, and the sale raises the query of whether or not the August high was the top for this cycle.
Ethereum Foundation Confirms 10,000 ETH Sale
According to the announcement, the Ethereum Foundation famous that it plans to transform 10,000 ETH into fiat by means of centralized exchanges over the course of a number of weeks this month. Based on the present worth of Ethereum, the announcement signifies that the Ethereum Foundation is planning to dump $43.85 million value of ETH this month.
According to the Foundation, the proceeds might be used to fund analysis and improvement, group grants, and donations that are in step with its treasury administration coverage. However, the plan is to scale back worth disruptions on exchanges whereas assembly its funding wants by spreading the gross sales throughout smaller orders.
This strategy follows the treasury coverage launched in June 2025, which set limits on annual spending at 15% and established a multi-year fiat reserve buffer. The Ethereum Foundation has carried out several sales this 12 months below the identical framework. These embody a $25 million sale in July and one other sale value $12.7 million. Notably, the Foundation additionally distributed over $32 million in grants through the first quarter of 2025.
Following the present deliberate sale, the Foundation will nonetheless maintain greater than 189,000 ETH, 21,000 AETHWETH, and 214 WETH, value $922 million, in keeping with data from Arkham Intelligence. This signifies that whereas the newest conversion is substantial, it represents solely a portion of its whole Ethereum reserves.
Has Ethereum Reached Its Cycle Top?
The timing of the sale coincides with Ethereum’s present worth pullback from its all-time high of $4,946 to the $4,300 vary. Following the announcement by the Ethereum Foundation, the worth of Ethereum dropped by about 1%, and this selloff might contribute to selling pressure, and the latest peak may symbolize this cycle’s highest level.
At the time of writing, Ethereum is buying and selling at $4,386, and has recovered with a rise of 1.5% prior to now 24 hours. Nonetheless, the main altcoin is buying and selling at a decline of 11.6% from its all-time high.
However, you will need to observe that comparable sell-offs by the Ethereum Foundation have occurred in previous uptrends. For occasion, the largest sale of the Ethereum Foundation was a 100,000 ETH selloff in December 2020, however this was adopted by a rally that drove the ETH worth to all-time highs in 2021.
Whether the August peak turns into the cycle’s peak or a stepping stone to more peaks will rely upon how Ethereum’s worth responds to the sale within the coming weeks.
