Ethereum Foundation Sells 2,794.87 ETH in Two Hour Sell Off
On-chain data shows an Ethereum Foundation-linked address sold a total of 2,794.87 ETH over a two-hour period, raising approximately $12.78 million. The average sell price was $4,574.40 per ETH. In the final five minutes, the wallet offloaded 1,100 ETH at an average price of $4,602.10, netting about $5.06 million. The address still holds 1,500 ETH after originally receiving 20,756 ETH eight years ago.
This large-scale ETH sell-off is one of the biggest transactions by a Foundation-linked wallet in recent months. Whale activity at this level often signals potential bearish pressure for the ETH market. Traders should monitor on-chain metrics such as transaction volumes, gas fees and exchange inflows to assess market impact.
Market liquidity and order-book depth may show short-term volatility following this crypto whales move. Keeping an eye on price charts and blockchain explorers can help gauge further Foundation movements. Overall, this Ethereum Foundation sell-off underscores the importance of tracking on-chain data for informed trading decisions.
Bearish
The significant ETH sell-off by an Ethereum Foundation-linked wallet is a classic crypto whale move that often exerts short-term downward pressure on price. Offloading nearly 2,795 ETH and a rapid 1,100 ETH dump in the final minutes introduces additional supply into the market, which can trigger bearish sentiment among traders. In the short term, heightened market liquidity and order-book shifts may lead to price dips and increased volatility. Long-term impact is likely muted, as the remaining 1,500 ETH holding represents a small share of overall network supply. However, traders should continue monitoring on-chain data, exchange flows and whale wallets for further sell-offs or accumulation signals.