Arkham: Ethereum Foundation Unstaked $48.9 Million Worth of ETH, Market Watches for Potential Further Sales

On April 26, on-chain analysis platform Arkham announced on X that the Ethereum Foundation has unstaked approximately $48.9 million worth of ETH. Tracking data shows that the Ethereum Foundation has deposited WSTETH into Lido's unstETH contract, and upon completion of the unlocking process, it will receive the corresponding ETH. The market's focus is on whether the ETH released by the Ethereum Foundation will be further sold. Previously, the Ethereum Foundation has sold ETH multiple times for operational fund management, raising ongoing concerns about potential selling pressure.
ETH0.37%
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Yusfirah
· 7h ago
To The Moon 🌕
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