THE The Ethereum foundation has Confirmed plans to convert 10,000 ETH, worth around 43 million dollars, in Fiat during this month. This decision, announced by the official account of the Ethereum Foundation on the X social media platform, comes less than two weeks after Ethereum set a new summit of $ 4,946 on August 24. Since reached this peak, Ethereum fell 11.6%, and the sale raises the question of whether the peak August High was the summit For this cycle.
The Ethereum Foundation confirms 10,000 Seth Sale
According to At the announcement, The Ethereum Foundation noted that it planned to convert 10,000 ETH to Fiat through centralized exchanges during several weeks this month. Based on the current price of Ethereum, the announcement means that the Ethereum Foundation plans to empty $ 43.85 million in ETH this month.
According to the Foundation, the product will be used to finance research and development, community subsidies and donations that comply with its Treasury management policy. However, the plan is to reduce price disturbances on exchanges while meeting its financing needs by distributing sales on small orders.
This approach follows the Treasury policy introduced in June 2025, which set limits for annual expenses at 15% and established a multi -year reserve stamp. The Ethereum foundation has made several sales This year in the same framework. These include a sale of $ 25 million in July and another sale worth $ 12.7 million. In particular, the Foundation also distributed more than $ 32 million in grants during the first quarter of 2025.
Following the current scheduled sale, the Foundation will always hold more than 189,000 ETH, 21,000 Aethweth and 214 Weth, worth $ 922 million, according to Data from Arkham Intelligence. This means that if the last conversion is substantial, it represents only part of its total Ethereum reserves.
Did Ethereum reach its top of the cycle?
The time of sale coincides with the current postponement of Ethereum prices of its $ 4,946 summit in the fork of $ 4,300. After the announcement by the Ethereum Foundation, the price of Ethereum fell by around 1%, and this sale could contribute to the sales pressure, And the last peak could represent the highest point of this cycle.
At the time of writing this document, Ethereum is negotiated at $ 4,386, and recovered with An increase of 1.5% in the last 24 hours. However, the first Altcoin is negotiated at a drop of 11.6% compared to its top of all time.
However, it is important to note that similar sales by the Ethereum Foundation occurred in past past trends. For example, the largest sale of the Ethereum Foundation was a sale of 100,000 ETH in December 2020, but this was followed by a rally which led the price of ETH to the heights of all time in 2021.
That the peak of August becomes the peak of the cycle or a springboard to more peaks will depend on how Ethereum’s price reacts to sale in the coming weeks.
Adobe Stock star image, tradingView.com graphic
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