Ethereum Foundation to Sell 10,000 ETH for Development & Community Growth

The Ethereum Foundation (EF), responsible for driving Ethereum’s growth, recently announced plans to sell approximately 10,000 ETH (~$43 million) to fund its research, development, and community programs. This move aims to stabilize the cryptocurrency ecosystem in both up and down market cycles while ensuring long-term stability. The EF has a history of using substantial reserves (over 270,000 ETH currently) to support various projects since 2014. Now, these funds will be directed toward essential areas for Ethereum’s continued development.