Attention! A bombshell news just broke — the Ethereum Foundation (EF) announced plans to sell 10,000 ETH!
According to ChainCatcher, this huge amount of funding will be used for layer two expansion, PoS mechanism optimization, security upgrades, and developer funding, but the focus is: they intend to quietly release it through OTC or structured sales!
EF claims it is 'routine fund management', but we all know in our circle that this is definitely not a simple operation!
First, the news instantly exploded! 10,000 ETH, which is nearly 40 million dollars at the current market price!
Although EF emphasizes the need to reduce market impact, when a giant whale moves, the market must shake!
Historical data does not lie - after several large-scale sales by the Ethereum Foundation, the ETH price has experienced extreme fluctuations in the short term.
This time choosing OTC and structured sales clearly aims to avoid a direct crash, but OTC often means discounted trades, implying that large institutions may be buying at low prices, while retail investors are kept in the dark!
This operation is either the foundation seeing a bearish market and urgently cashing out, or there is a larger layout behind it - such as reserving ammunition for the L2 war, and it may even indicate that the Ethereum ecosystem is about to undergo a major upgrade!
But the impact on the market should not be underestimated!
The short-term negative impact is undoubtedly: massive chip release, even through OTC, will still increase market supply pressure, potentially triggering panic selling among retail investors.
Especially in the current market with fragile sentiment, any slight movement can amplify volatility.
But in the long run, this is actually super bullish! Funds directly injected into L2 expansion and PoS optimization mean that Ethereum is accelerating the resolution of high gas fees and network congestion pain points, and its ecological competitiveness will soar!
Developer funding will inevitably give rise to more blockbuster DApps - don't forget, the last DeFi Summer was built on capital!
Brothers, opportunities are always hidden in crises!
If ETH drops in the short term due to news, it may actually be a good buying opportunity!
Particularly focus on the L2 sector (such as Arbitrum, Optimism) and Ethereum ecosystem projects, as the foundation is investing real money, these tracks are likely to explode!
But remember, don't let panic emotions dictate your pace - the EF is selling coins not to crash the market, but to build a stronger ecosystem.
True wise individuals are greedy when others are fearful!#ETH #l2 #加密市场回调
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