The Impact of Ethereum Foundation Sales on ETH Price is Overstated - Coingecko Research

According to a detailed report by Coingecko, the Ethereum Foundation (EF) sales do not have a significant impact on the price of the token as is generally the case.

"Do Ethereum sales have an effect?" Coingecko asked in a tweet, revealing its latest study which proves that the Ethereum Foundation sales

The same cannot be said for sales greater than 15 kilor. For example, one instance where the foundation sold 70,000 led to a drop of 20.6%, while a sale of 16.3 kilor ETH followed an increase of 36.5%.

For the research, Coingecko analyzed EF sales from October 16, 2017, to January 15, 2025, using publicly available data from Dune, Etherscan, and Coingecko. Note that only ethical transactions exceeding 100 ETH were considered, and the analysis does not take into account any market trends or macroeconomic events.