Arkham: Ethereum Foundation Unstakes $48.9M Worth of ETH, Market Awaits Potential Further Sales

Odaily reported that on-chain analytics platform Arkham posted on X, stating 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 will receive the corresponding ETH once the unlocking process is complete.

The market's focus is on whether the Ethereum Foundation will proceed to sell the ETH obtained from this unstaking. Previously, the Ethereum Foundation has sold ETH on multiple occasions for operational fund management, drawing ongoing market attention to potential selling pressure.