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Arkham: Ethereum Foundation unstakes assets worth $48.9 million in ETH, market attention is on whether they will sell further.
Mars Finance reported that on the on-chain analytics platform Arkham, a post on X said that the Ethereum Foundation has unstaked about $48.9 million worth of ETH. Tracking data shows that the Ethereum Foundation has deposited WSTETH into Lido’s unstETH contract, and will receive the corresponding ETH after the unlock process is completed. The market is watching closely to see whether the ETH that the Ethereum Foundation unstaked this time will be sold further. Previously, the Ethereum Foundation has sold ETH multiple times to manage operating funds, which has led to ongoing market concerns about potential selling pressure.