According to the Foundation, the proceeds will be used to fund research and development, community grants, and donations which are in line with its treasury management policy. However, the plan is to reduce price disruptions on exchanges while meeting its funding needs by spreading the sales across smaller orders.
However, it is important to note that similar sell-offs by the Ethereum Foundation have occurred in past uptrends. For instance, the biggest sale of the Ethereum Foundation was a 100,000 ETH selloff in December 2020, but this was followed by a rally that drove the ETH price to all-time highs in 2021.
