The post Ethereum Foundation Sells 100 ETH to Fund R&D: A Look at 2025’s First Ether Sale appeared first on Coinpedia Fintech News
ethereum foundation
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info@ethereum.org
Event Organiser
a Swiss-based not-for-profit organization focused on the development and welfare of the Ethereum (ETH) network, has made its first Ether sale for 2025. In a bid to fund research and development (R&D), the Ethereum Foundation swapped 100 ETH for 329,463 $DAI, the first sale since the beginning of 2025.
In 2024, the Ethereum Foundation sold 4,466 ETH units in exchange for $12.61 million in stablecoins. Interestingly, the Ethereum Foundation made notable sales before major Ether price drops.
Currently, the Ethereum Foundation holds digital assets worth about $914 million, mostly consisting of ETH and WETH.
Low Demand for Ethereum By Whale Investors
The overall demand for Ethereum by institutional investors and whale traders has remained relatively low compared to that of Bitcoin in the recent past. For instance, the overall supply of Bitcoin on centralized exchanges has been declining in the past few months while Ethereum’s has not changed much since March 2024.
Additionally, the US spot Ether ETF issuers have not received an overwhelming adoption compared to Bitcoins since the historic approval by the US SEC.
On Tuesday, the US spot Ether ETFs registered a net cash outflow of $86 million, with none of the issuers registering a net cash inflow.
Also Read : Robert Kiyosaki Reveals the Reason Behind the Crypto Market Crash ,
Midterm Expectations
Ethereum price has been forming a macro bullish continuation pattern, despite the short-term bearish outlook. In the weekly and monthly chart, Ethereum’s price is less arguably on the verge of a major bullish breakout toward a new all-time high in the near term.
In the daily time frame, however, Ethereum bears have the upper ground over the little buying pressure. Furthermore, the large-cap altcoin, with a fully diluted valuation of about $403 billion and a 24-hour average traded volume of around $40 billion, has been forming a potential head and shoulders (H&S) pattern coupled with a bearish divergence on the daily Relative Strength Index (RSI).
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