Ethereum
Ethereum Foundation Reveals how much Ethereum it holds as of March 2022
The Ethereum Foundation (EF), a non-profit organisation that supports the second largest blockchain protocol, disclosed that its treasury is approximately $1.6 billion. $1.3 billion of it is distributed in digital assets (primarily ETH), while approximately $300 million belong to non-crypto investments.
The EF sold ETH at ATH
In its financial report, the Ethereum Foundation revealed that 99.1% of its total $1.3 billion crypto holdings are held in ETH. This was 0. 297% of the entire ETH supply by the end of March 2022, the entity added. These possessions are evidence that the EF believes in Ethereum’s potential and represent a long-term view.
Although the organization is a strong advocate of Ether and sold a portion its digital assets when ETH was at its highest point. The asset hit its record price in November 2021 when it topped nearly $4,900.
Another note: The organization stated that it has increased its non-crypto savings. This could increase the safety margin of the EF’s core budget, and allow it to continue funding non-core high leverage projects in a market downturn .”
.
The report also outlined how the EF managed its spending throughout 2021. The entity spent around $48 million last year as $20 million was in the form of external spending, including grants, third party funding, bounties, sponsorships, and delegated domain allocations. The remaining $28 million was distributed to the EF community’s teams and projects.
The Ethereum Foundation is part of a larger group of individuals and entities that support the Ethereum ecosystem. These entities and individuals support the development of the protocol, help grow the community, as well as being passionate advocates for the blockchain protocol.
Previous Times when the EF sold its ETH Holdings
It is worth noting that in 2017 the foundation sold 70,000 ETH. Interestingly, the decision was prompted by Vitalik Buterin – Co-Founder of Ethereum:
“I did get the Ethereum Foundation to sell 70,000 ETH like basically at the top, and that’s doubled our runway now, so it was one good decision that had a lot of impact.”
In May 2021, Ether surged to a new ATH of around $4,000. Then the EF sold 35,000 ETH from its possessions.
The last sale occurred in November last year – one day after the all-time high of nearly $4,900. Back then, the organization sent a massive 20,000 batch of ETH to Kraken’s exchange in a transaction worth nearly $100 million.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Ethereum
Ethereum Foundation Converts 1,000 ETH to Stablecoins in a $4.46M Cowswap Maneuver
Ethereum
Ethereum Whispers ‘Breakout’—But Will It Scream Past $4,600?
Ethereum
Crypto Price Analysis October-03: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
Ethereum had an excellent week after its price rallied by 14%. This allowed it to move close to $4,500, which may offer the required support to re-test the key resistance at $5,000. With sellers exhausted, buyers are back in control.
Bitcoin also made sustained gains this week, which primed the market for higher levels. This can boost the momentum of Ethereum, which is turning bullish again.
Looking ahead, a clear breakout above $5,000 would place ETH in price discovery and allow it to run much higher quickly. Should that happen, key targets are found at $6,000 and $7,300.
Ripple (XRP)
XRP closed the week 11% higher, which took the price above $3. This is a psychological level that can act as support in the future and provide a base for new highs with key targets at $3.2 and $3.6.
To capitalize on this momentum, the bulls will have to push this cryptocurrency to make higher highs. That would imply a price level of $3.2 and above.
Looking ahead, XRP appears to be finishing its consolidation between $2.7 and $3 and is ready for higher levels. If so, the ATH at $3.6 could be a major magnet for buyers in the last quarter of 2025.
Cardano (ADA)
Cardano also had a good week after it managed to hold above the support at $0.77 and closed with an 11% gain. This puts buyers back in charge, but their biggest test awaits at the $0.90 resistance.
The bullish momentum is not quite there yet to break the key resistance, but if the overall market remains bullish, a breakout is only a matter of time. If successful later, then ADA has a real chance to trade above $1 again.
Looking ahead, October started with a bang as most cryptocurrencies are in green. Cardano also appears poised for new highs if buyers can push it beyond $0.90.
Binance Coin (BNB)
Binance Coin appears unstoppable after it made a new price record at over $1,100. This allowed it to close the week with a 16% gain, making it one of the strongest digital assets in 2025.
The most important resistance, at this time, is found at $1,200, and the price could easily reach that in the coming days if this bullish momentum is sustained. That’s only an 8% price increase at the time of this post.
Looking ahead, this cryptocurrency is well-positioned to capitalize on the enthusiasm across the market that appears to be forming in the last quarter of the year. If $1,200 is broken later, look towards $1,500 next.
Hype (HYPE)
This week, HYPE finally completed its correction and managed to briefly visit $50 after a sustained rally that saw its price increase by 15%. With sellers gone, this cryptocurrency has already recovered most of its recent losses.
To be confident in this rally, HYPE has to claim $50 and defend it as support. If successful, then it has a real shot at revisiting its all-time high at $60.
Looking ahead, despite the volatility, the price continues to show a lot of strength. Even if attention was briefly directed towards other decentralized exchanges, this did not last, and liquidity returned to Hyperliquid, which is now reflected in its token price as well.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
-
Bitcoin4 years agoDigital Currency Group wraps up $600 million debt capital raise
-
Bitcoin4 years agoSalvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will End in Environmental Disaster’
-
Bitcoin4 years agoAstra Protocol provides identity protection for The Sandbox users
-
NFT4 years agoDRepublic launches a combined NFT platform, ‘MetaCore’ Using EIP-364
-
Bitcoin4 years agoWhere to buy Dogelon Mars after falling 15% on Thursday
-
Bitcoin4 years agoStella, a UAE Hospitality Brand, Now Accepts Crypto
-
Ethereum4 years agoEthereum prices skyrocket but Ether Gas Fees surge, fueling costly transfers
-
Bitcoin4 years agoAre you a Star Atlas fan?