Ethereum $3,363.8 Co-founder Vitalik Buterin stated that the Ethereum Foundation is exploring ETH staking options. This statement came at a time when ETH prices were trading in a narrow range and tokens were being sold by the Foundation.
ETH Staking Options Are Being Reviewed
Vitalik Buterin stated in a post on the X platform that the Ethereum Foundation is evaluating ETH staking options. Initially, factors such as regulatory concerns and self-staking were hindering ETH staking plans. If the foundation decides to pursue ETH staking, it will have to take a position on the controversial future hard fork.
Regulatory concerns have diminished due to the possibility of the Trump administration establishing effective regulations and frameworks for the industry. This could pave the way for ETH staking if the Foundation finds a way to address concerns about self-staking. Vitalik believes that this problem can be minimized in various ways, but he did not write down the details.
Selling ETH from Ethereum Foundation
According to the report shared by Lookonchain, the Ethereum Foundation sold an additional 100 ETH. These sales cost approximately $336 thousand and contributed to the sale of a total of 4,666 ETH tokens for $13.3 million since January 2, 2024.
The Ethereum Foundation had previously sold 100 ETH for approximately 336 thousand dollars on January 8, increasing the total sale to $12.96 million with 4,566 ETH. The Foundation sold the same amount of tokens on December 20, when ETH prices dropped by approximately 17%. Although it is speculated that the latest sale was due to the launch of the TRUMP meme coin on Solana rather than Ethereum, the Foundation is making these sales as necessary due to cash needs.
Vitalik Buterin’s statements offer important clues about the future steps of the Ethereum Foundation. ETH staking and token sales stand out as important factors affecting market balance and investor expectations. The Ethereum community is closely monitoring how these moves by the Foundation will contribute to the long-term growth of ETH. The improvement of the regulatory environment and the foundation’s strategic decisions may strengthen ETH’s market position.
Evaluating ETH staking options could be a critical step for the sustainable growth of Ethereum. How the Ethereum Foundation will manage this process and how it will be reflected in the market are among the developments to be followed closely in the cryptocurrency world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
