There is the Ethereum Foundation During this month, we confirmed plans to convert 10,000 ETH, worth around $43 million, into Fiat. The move, announced by the official account of social media platform X’s Ethereum Foundation, comes less than two weeks after Ethereum set its new high of $4,946 on August 24th. August’s High was the top For this cycle.
Ethereum Foundation confirms 10,000 ETH sales
According to In the announcement, The Ethereum Foundation pointed out that it plans to convert 10,000 ETH to Fiat through intensive exchange over the course of several weeks this month. Based on current prices for Ethereum, the announcement means the Ethereum Foundation plans to dump ETH worth $43.85 million this month.
According to the foundation, the proceeds will be used to fund research and development, community grants, and donations in line with its financial management policies. However, the plan is to reduce price disruptions on the exchange while meeting financing needs by spreading sales to smaller orders.
This approach follows the financial policy introduced in June 2025, setting annual spending limits at 15% and establishing a multi-year FIAT reserve buffer. It is available at Ethereum Foundation I’ve run some sales This year under the same framework. These include $25 million in July sales and another sale worth $12.7 million. In particular, the foundation distributed more than $32 million in grants in the first quarter of 2025.
Following current planned sales, the foundation still owns over 189,000 ETH, 21,000 Aethweth and 214 Weth, worth $922 million. Data from Arkham Intelligence. This means that while the latest conversions are quite a few, they are only a part of the total Ethereum reserves.
Has Ethereum reached the top of the cycle?
The timing of the sale coincides with Ethereum’s current price pullback, a record high of $4,946 to $4,300 range. Following an announcement by the Ethereum Foundation, Ethereum prices fell by about 1%, and the sale It may contribute to sales pressure, And the most recent peak could represent the highest point of this cycle.
At the time of writing, Ethereum is trading for $4,386 I recovered with An increase of 1.5% over the past 24 hours. Nevertheless, major Altcoins are trading at an all-time high of 11.6%.
However, it is important to note that similar sales by the Ethereum Foundation have occurred in past upward trends. For example, the biggest sale of the Ethereum Foundation was 100,000 ETH selloff in December 2020, followed by a rally in 2021 that achieved the highest ever high in ETH prices.
Will the peak of August be the peak of the cycle? Step stones at more peaks It depends on how Ethereum prices respond to sales in the coming weeks.
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