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Ethereum Foundation will sell 10,000 ETH, worth $43 million.
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Proceeds will fund research, grants, and donations.
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Critics argue sales should go through DeFi instead of centralized exchanges.
Planned ETH Sales
The Ethereum Foundation announced plans to convert 10,000 ETH over several weeks using centralized exchanges. The sale, worth around $43 million, is part of routine funding to support research, ecosystem grants, and donations.
Community Pushback
The decision sparked criticism from DeFi supporters, who argued the foundation should use decentralized methods like onchain sales or lending against ETH. Some proposed over-the-counter (OTC) deals or gradual onchain auctions to maintain transparency and reduce market impact.
Foundation’s Rationale
According to its treasury policy, the foundation periodically sells ETH to cover operating costs in fiat. The group emphasized it will split the sales into smaller transactions to reduce risks and slippage. Still, critics worry such sales could send negative signals about ETH’s role as a treasury asset.
