Read this article on bsc.news The Ethereum Foundation has sold 7,500 $ETH over four days, converting the proceeds into a dollar-linked stablecoin, according to on-chain tracking data from @On
The Ethereum Foundation has sold 7,500 $ETH over four days, converting the proceeds into a dollar-linked stablecoin, according to on-chain tracking data from @OnchainLens.
Over four days, the Foundation sold a total of 7,500 ETH, amounting to 14.52 million USDS.The latest tranche comprised 2,500 ETH for about $4.7m, swapped for 4.597 million USDS via the CoWSwap trading platform.The proceeds were transferred to a multi-signature Safe wallet.
The sales coincided with weakness in the broader market. Ethereum fell to $1,830, its lowest level since July, according to CryptoTicker. Analytics Insight noted that the Ethereum Foundation has not publicly confirmed ownership of the wallet or explained the reason for the sales. It added that the Foundation has previously outlined plans to convert some ETH holdings into cash and stablecoins to fund its operations.
The wallet's activity has also picked up in recent weeks. The wallet sold 1,000 ETH on November 10 and another 1,000 ETH on November 11, 2026, and the same wallet sold 2,785 ETH on October 26, 2026, at an average price of around $2,306 per ETH.
The Foundation's selling follows a published framework. Its treasury policy, published in June 2025, says it converts ETH into cash on a regular schedule when its reserves drop below roughly two and a half years of operating costs. Cointelegraph reported that periodic ETH sales replenish these reserves to fund protocol development, research, grants, and ecosystem support.
The Foundation has also been trying to reduce its reliance on sales. It began staking part of its treasury on February 24, 2026, as the first phase of a broader 70,000 ETH allocation, and all staking rewards will be returned directly to its treasury.
On market impact, CryptoTicker said that measured against daily trading volume, 7,500 ETH is a small amount. Even so, a falling ETH price means the Foundation would need to sell more coins to raise the same dollar amount. The Foundation has not linked these particular sales to grants, research funding or other expenses, so the exact purpose remains unconfirmed. Traders are likely to watch for any further transfers from the wallet.
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