KHALED TOUNSI

Market Analysis | May 3, 2026
In a move that has sparked widespread discussion within the crypto community, the Ethereum Foundation executed another significant sale of its Ether (ETH) holdings to BitMine Immersion Technologies on Friday, May 1, 2026. This transaction is part of a recurring pattern of sales aimed at funding the Foundation's ongoing operations.
Details of the Latest Transaction
The sale was conducted via an Over-The-Counter (OTC) desk to mitigate immediate impact on the market price. Key figures include:
Amount Sold: 10,000 ETH.
Average Sale Price: $2,292 per unit.
Total Value: Approximately $22.9 Million.
The Buyer: BitMine, which is emerging as one of the largest corporate holders of Ethereum, led by prominent investor Tom Lee.
A Recurring Sales Pattern in 2026
This deal is not an isolated event; it is the third of its kind involving the same parties in just two months:
March 2026: Sold 5,000 ETH at $2,043 per unit.
April 2026: Sold 10,000 ETH at $2,387 per unit.
May 2026: The latest sale of 10,000 ETH.
With this latest move, the total funds raised by the Foundation from these recent transactions have reached nearly $47 Million.
Where is the Money Going?
The Ethereum Foundation has clarified through official channels that these liquidations are essential to support the Core Operational Budget, which includes:
Research & Development (R&D): Developing protocol upgrades and enhancing scalability (Post-Dencun roadmap).
Ecosystem Grants: Funding programs for developers and emerging decentralized projects.
Global Community Outreach: Supporting educational summits and international blockchain initiatives.
Market Sentiment and Concerns
While some analysts view these moves as "prudent treasury management" to ensure long-term development regardless of market volatility, others have expressed caution:
Sell Pressure: Traders fear the accelerated pace of sales might create a "ceiling" for ETH's price, which is currently struggling to break the $2,500 resistance level.
Sustainability: Data from Arkham Intelligence suggests that at this rate, the Foundation's current liquid reserves could see significant depletion by 2027, raising questions about long-term funding models.
On the flip side, BitMine continues its aggressive accumulation strategy. The company now holds over 5 million ETH (roughly 4.2% of the circulating supply), mirroring the "MicroStrategy approach" of holding massive amounts of a primary crypto asset as a corporate reserve.
Discussion Point: Do you believe the Ethereum Foundation's recurring sales reflect confidence in the project's sustainability, or is it a financial necessity that might hinder price growth in the short term?#EthereumFoundationSellsETHtoBitmineAgain $ETH

$SOL
1. Інституційний інтерес до Solana зростає, великі компанії подають заявки на спотові ETF, а компанія-казначей отримала кредитну лінію на $500 мільйонів для придбання більшої кількості SOL.
2. Розумні гроші та кити активно накопичують та відкривають великі довгі позиції, що сигналізує про сильну впевненість у майбутньому SOL незважаючи на поточні ринкові умови.
3. SOL зазнала зниження ціни на 4.87% за останні 24 години, торгуючись нижче ключових EMA та стикаючись із значними викидами, хоча RSI вказує на те, що вона наближається до перепроданих умов для потенційного відскоку.