Ethereum Foundation Converts 1,000 ETH to Support Ecosystem Growth
The Ethereum Foundation has announced plans to sell 1,000 ETH and convert it into stablecoins to support ongoing development of the Ethereum network. The funds will be directed toward research and development, grants, and community-focused donations.
In a statement shared on X, the non-profit organization said the sale will be executed through CoWSwap and will use CoW Protocol’s TWAP feature, which helps reduce market impact by splitting large trades into smaller orders over time. At current prices near $4,517 per ETH, the sale is valued at approximately $4.51 million.
The foundation emphasized that the move is part of its broader mission to strengthen the Ethereum ecosystem and demonstrate the practical use of decentralized finance tools. By converting ETH into stablecoins, the foundation ensures more predictable funding for projects and research initiatives.
Continued Support for Ethereum Development
This is not the first time the Ethereum Foundation has sold ETH to support its operations. In early September, it announced a larger sale of 10,000 ETH worth about $43 million at the time, which was also intended for research, development, and community grants. That sale was executed gradually to limit market disruption.
The foundation has been one of the most active ETH sellers in recent years, often converting holdings during periods of price strength. These sales have funded a range of initiatives, from core protocol development to ecosystem grants and educational programs.
Recently, the organization paused new grant applications to reorganize its funding process and refine its strategic approach. Despite this, its commitment to supporting decentralized infrastructure, developer tools, and academic research remains unchanged.
As Ethereum’s price edges closer to its all-time high, strategic moves like this sale ensure that the foundation can continue investing in the long-term growth and stability of the network.
