Ethereum Foundation has announced its intention to sell 10,000 ETH to support the development and services for the Ethereum community. This move has sparked various opinions among the members of the crypto community.
Goals of the 10,000 ETH Sale
The Ethereum Foundation, a non-profit organization responsible for the development of Ethereum, announced the sale of 10,000 ETH worth about $43 million to fund research and community programs. This step was pre-planned to minimize market disruption while ensuring the foundation's financial stability.
Impact on Ethereum’s Price
The sale of 10,000 ETH may slightly increase the circulating supply, potentially leading to a minor price drop in the short term. However, strong demand from ETFs and large investors may limit any decline to 5-10%. In the long term, the sale’s impact is expected to be minimal.
Community Reaction and Forecasts
The crypto community has shown mixed feelings in response to this decision. Some users highlight the transparency of the Ethereum Foundation and the importance of this step for network development. Analysts believe that with further staking and token burns, ETH could reach $5,000 by the end of 2025.
The sale of 10,000 ETH by the Ethereum Foundation aims to support the ecosystem's development. Despite potential short-term price fluctuations, the long-term outlook remains positive.
