- Wallet 0xF39d sold 6,194 ETH worth $28.36M in total.
- Latest sale: 1,300 ETH for $5.87M at $4,518 each.
- Sales raise questions about ETH price outlook and strategy.
Ethereum Foundation Wallet Offloads Another $5.87M in ETH
An Ethereum Foundation-linked wallet, identified as 0xF39d, has sold another 1,300 ETH (worth approximately $5.87 million) just 11 hours ago at a price of $4,518 per ETH. This marks the latest in a series of large transactions from the same address over the past few days.
According to on-chain data, this wallet has offloaded a total of 6,194 ETH—equivalent to $28.36 million—over the past three days, with an average selling price of $4,578. These moves have triggered speculation across the crypto community about the motives behind the timing and scale of the sales.
What’s Driving the Ethereum Foundation Sales?
Historically, Ethereum Foundation-related wallets have occasionally sold ETH during strong market rallies, often to fund development, operational costs, or to secure gains for long-term sustainability. However, such large-scale sales also tend to spark market conversations about potential price tops or upcoming volatility.
This recent wave of selling could simply be part of routine treasury management. But given the size and speed of the transactions, it has caught the attention of traders, analysts, and investors alike—especially in a market that is watching Ethereum’s price action closely around the $4,500 level.
Market Response & Community Speculation
While Ethereum’s price has held relatively stable, large sales from foundation-linked wallets often influence short-term sentiment. Some traders view these moves as a sign to exercise caution, while others argue it’s a normal function of a maturing crypto ecosystem.
Still, the timing of the sales near local highs is notable. If the Foundation is selling into strength, it could signal their confidence in the asset’s current valuation—or simply a strategic play to fund upcoming initiatives.
The Ethereum community will be closely watching any further activity from this wallet, especially if price action begins to show signs of reaction.
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