Ethereum Foundation Selling 10,000 ETH to Fund Research and Grants, May Pressure ETH Market
The post Ethereum Foundation Selling 10,000 ETH to Fund Research and Grants, May Pressure ETH Market appeared on BitcoinEthereumNews.com. The Ethereum Foundation will sell 10,000 ETH (≈$43M) in staggered tranches to fund research, grants and development. The sale aims to limit market disruption while financing ecosystem growth from the Foundation’s remaining treasury of 231,600 ETH. 10,000 ETH sale announced to fund research and grants ETH price dipped ~1% after the disclosure; market-wide weakness and ETF flows also weighed on sentiment. Institutional buys — including BitMine’s large ETH accumulation — help offset Foundation sales. Ethereum Foundation sells 10,000 ETH to fund development and grants; read how this affects ETH price and market dynamics. Learn more from COINOTAG. What is the Ethereum Foundation selling and why? The Ethereum Foundation is selling 10,000 ETH, valued at roughly $43 million, in smaller tranches to fund ecosystem research, grants and development initiatives. The Foundation says the staged approach is designed to minimize market impact while reallocating treasury assets to long-term network projects. How will the Foundation execute the ETH liquidation? The Foundation will convert the 10,000 ETH in multiple smaller sales rather than a single block trade. Blockchain records show a deposit of 10,000 ETH to the Kraken exchange before the announcement. Staggered sales are intended to reduce price disruption and preserve liquidity for strategic funding. ‘, ‘
The post Ethereum Foundation Selling 10,000 ETH to Fund Research and Grants, May Pressure ETH Market appeared on BitcoinEthereumNews.com.
The Ethereum Foundation will sell 10,000 ETH (≈$43M) in staggered tranches to fund research, grants and development. The sale aims to limit market disruption while financing ecosystem growth from the Foundation’s remaining treasury of 231,600 ETH. 10,000 ETH sale announced to fund research and grants ETH price dipped ~1% after the disclosure; market-wide weakness and ETF flows also weighed on sentiment. Institutional buys — including BitMine’s large ETH accumulation — help offset Foundation sales. Ethereum Foundation sells 10,000 ETH to fund development and grants; read how this affects ETH price and market dynamics. Learn more from COINOTAG. What is the Ethereum Foundation selling and why? The Ethereum Foundation is selling 10,000 ETH, valued at roughly $43 million, in smaller tranches to fund ecosystem research, grants and development initiatives. The Foundation says the staged approach is designed to minimize market impact while reallocating treasury assets to long-term network projects. How will the Foundation execute the ETH liquidation? The Foundation will convert the 10,000 ETH in multiple smaller sales rather than a single block trade. Blockchain records show a deposit of 10,000 ETH to the Kraken exchange before the announcement. Staggered sales are intended to reduce price disruption and preserve liquidity for strategic funding. ‘, ‘
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