Ethereum Foundation to Convert 10,000 ETH: What It Means for the Market
In a move that has captured the attention of cryptocurrency enthusiasts and investors alike, the Ethereum Foundation announced its plan to convert 10,000 ETH, equivalent to approximately $43 million, into fiat currency this month. This announcement, made via the Foundation’s official account on the social media platform X, comes shortly after Ethereum hit a new all-time high of $4,946 on August 24. Since that peak, Ethereum’s value has decreased, and as of the article’s publication, it stands at $4,468. The planned sale is sparking discussions on whether the August all-time high might represent the peak of this cycle.
Ethereum Foundation’s Strategic Sale of 10,000 ETH
The Ethereum Foundation has outlined its strategy to convert 10,000 ETH into fiat using centralized exchanges over several weeks this month. Given Ethereum’s current market price, this conversion equates to a sale worth approximately $43.85 million.
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Transparency Notice: The Ethereum Foundation will gradually convert 10K ETH via centralized exchanges over several weeks. This is part of our ongoing efforts to fund research and development, community grants, and charitable donations. To minimize market disruption and meet funding needs, the sales will be executed through smaller, staggered transactions.
— Ethereum Foundation (@ethereumfndn) September 2, 2025
According to the Foundation, the proceeds will support research and development, community grants, and donations, aligning with their treasury management policy. To minimize price fluctuations on exchanges while still meeting funding requirements, the sales will be spread across smaller orders. This approach follows the treasury policy implemented in June 2025, which set an annual spending cap at 15% and established a multi-year fiat reserve buffer. Throughout this year, the Foundation has conducted several similar sales, including a $25 million sale in July and another for $12.7 million. In the first quarter of 2025, they also distributed over $32 million in grants.
After the current planned sale, the Foundation will still hold over 189,000 ETH, 21,000 AETHWETH, and 214 WETH, amounting to a total value of $922 million, according to Arkham Intelligence. This indicates that while the conversion is significant, it represents only a fraction of the Foundation’s total Ethereum holdings.
Is Ethereum at Its Cycle Peak?
The timing of the sale coincides with a decline in the price of Ethereum, which dropped from a high of $4,946 to the $4,300 range. Following the Foundation’s announcement, Ethereum’s price dipped by approximately 1%, and this sale could add to the selling pressure. The recent peak might thus mark the top of this cycle.
It’s noteworthy that similar sales by the Ethereum Foundation have occurred during past bullish trends. For instance, the Foundation’s largest sale was 100,000 ETH in December 2020, which was followed by a rally that pushed ETH prices to new all-time highs in 2021. Whether the August peak will be the cycle’s top or just a stepping stone to higher peaks will depend on how Ethereum’s price reacts to this sale in the coming weeks.
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