The Ethereum Foundation (EF) has confirmed it will sell 1,000 ETH — worth about $4.5 million at current prices — to fund ongoing research, development, grants, and donations.
According to EF, the Ether will be converted into stablecoins via CoWSwap, using the CoW Protocol’s TWAP featureto reduce market impact. The move mirrors September’s larger sale of 10,000 ETH (~$43 million), when the foundation also converted holdings into stablecoins to diversify funds for ecosystem support.
The Ethereum Foundation, a non-profit organization that plays a central role in maintaining and improving the Ethereum network, said the sales are part of its broader DeFi-first strategy, showcasing decentralized finance tools in action.
The latest announcement comes as Ethereum’s price touched $4,600 on October 3, edging toward a potential new all-time high. While EF has been one of the most consistent ETH sellers in recent years, the foundation argues that these moves are necessary to sustain development programs and ecosystem growth.
Looking ahead, EF noted that sales will be carried out in small batches over several weeks, minimizing market disruption while ensuring continuous funding.
Summary
- EF will sell 1,000 ETH (~$4.5M) via CoWSwap.
- Funds go to research, R&D, grants, and donations.
- Comes after a 10,000 ETH ($43M) sale in September.
- ETH price touched $4,600 on October 3, nearing ATH.
- Sales will be done in small chunks to reduce volatility.
