The Ethereum Foundation announced in an official statement that it sold ETH to fund its operations. Continue Reading: Ethereum Foundation Reveals It Made Yet AnotherThe Ethereum Foundation announced in an official statement that it sold ETH to fund its operations. Continue Reading: Ethereum Foundation Reveals It Made Yet Another

Ethereum Foundation Reveals It Made Yet Another Large Sale Following the Jump in ETH Price

2026/04/09 01:00
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The Ethereum Foundation, the main organization behind the Ethereum ecosystem, has taken a controversial step as the price of ETH has risen.

In an official statement, the foundation announced that it will convert, or sell, 5,000 Ethereum (ETH) holdings into stablecoins.

According to the announcement, this transformation will be carried out using the TWAP (Time-Weighted Average Price) feature of the CoWSwap platform, developed by CoW DAO, a decentralized finance (DeFi) protocol. This method minimizes the impact of large-volume transactions on the market, enabling sales with a more balanced average price.

Related News: Old Whales Are Selling Bitcoin in Large Quantities: According to Bitwise CIO Matt Hougan, This Is Very Bullish

The Ethereum Foundation argued that the primary purpose of this move is to fund research and development (R&D) activities, grant programs, and donations. The foundation stated that, in line with its long-term goals, it will continue to support the sustainability of the ETH ecosystem.

The price of ETH has risen by 6% in the last 24 hours and is currently trading at $2,211. The Ethereum Foundation is facing criticism for selling ETH as the price increases. Additionally, the cryptocurrency community is questioning why the foundation doesn’t use ETH directly for its payments.

*This is not investment advice.

Continue Reading: Ethereum Foundation Reveals It Made Yet Another Large Sale Following the Jump in ETH Price

Market Opportunity
Ethereum Logo
Ethereum Price(ETH)
$2,219.19
$2,219.19$2,219.19
+0.16%
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02
Crypto Hack: Drift Protocol Drained Over $200M in Private Key Breach

Crypto Hack: Drift Protocol Drained Over $200M in Private Key Breach

Key Insights: A major crypto hack has struck Drift Protocol, with losses estimated at more than $220 million and some assessments reaching $285 million. The incident
Share
Thecoinrepublic2026/04/02 18:32
ETH Enters High-Stakes Decision Zone

ETH Enters High-Stakes Decision Zone

The post ETH Enters High-Stakes Decision Zone appeared on BitcoinEthereumNews.com. Ethereum is testing an important area after its recent rebound, while two separate
Share
BitcoinEthereumNews2026/04/02 18:27

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!