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Here’s How ETH Price Reacted After Ethereum Foundation Promised to Sell Fewer Tokens


Here’s How ETH Price Reacted After Ethereum Foundation Promised to Sell Fewer Tokens

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Ethereum co-founder Vitalik Buterin said the Ethereum Foundation will reduce its ETH sales to lower future sell-pressure. Santiment reports ETH price barely moved after the disclosure, suggesting the market largely priced in the change and the announcement had limited near-term market impact for crypto despite potential long-term positive effects on token supply.

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The Ethereum price barely moved after Ethereum co-founder Vitalik Buterin announced that the Ethereum Foundation plans to reduce its ETH sales. This is according to a recent assessment from leading market intelligence resource Santiment.

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