Should You Sell Your Forked Ethereum Post-Merge?

The Ethereum Merge is the hot news in the crypto town. The much-awaited merge is set to go live any time between September 15 and 20. The upgrade will witness the transition of the Ethereum network from the proof-of-work consensus to proof-of-stake.

The idea of a possible Ethereum fork was in discussion for a long time. This will end up in a situation where ETH will exist in both PoS and PoW. In such a situation, what will be the condition? Should your sell your forked ethereum, or should you keep it? Let’s take a deeper look.

Is there a possible Ethereum hard fork post-merge?

As per the latest details, an Ethereum hard fork is on its way. The Ethereum PoW community said that a “hard fork is inevitable” back in mid-August and that work was already being done to make the hard fork successful.

The team has now revealed the precise date of the fork’s formal introduction, which is the most recent development. The hard fork will happen one day after Ethereum’s Merge transpires, according to their most recent Twitter thread.

This will lead to a situation where you will end up with ETH and ETHW in your wallet. So what should you do with it? Obviously, you can sell it. But a user warns the ETH holders from selling it and states the reason.

3 days for the Ethereum Merge

ETH will be forked, that's a fact. Everyone will have ETH and $ETHW in their wallets

Can $ETHW be sold?

Short answer: yes
Long answer: it's simply an unnecessary risk, and probably not worth it

Here is how to do it – and why you shouldn't

— olimpio.lens (@OlimpioCrypto) September 12, 2022

Why shouldn’t you sell your ETHW?

The merge is set to happen in a day. But several websites show you different timings. If you want to keep track of the merge in real time, Watcher.Guru provides users with a “Real-Time Merge Tracker.”

So, once the merge goes live, the Ethereum chain will split into two. The newer version will continue on PoS. Whereas, the miners will fork the network and create ETHW. This will create a situation where the blockchain will have identical instances. ETH, tokens, transactions, and DeFi positions will exist in both PoS and PoW.

The user claims that the only place where ETHW will have value will be CEXes and that will end up being worthless. The instance also creates a situation where bots can mirror your transaction.

Even though funds may not be lost, it will create a cluster and chaos. In order to avoid such situations, it’s better to make transactions on PoS post-merge. To stay safe, once the merge is live, send your ETH on PoS to a separate wallet.

Everything will make sense once the merge goes live. Stay responsible with your funds.