Details of the Selling Transactions
Data from the blockchain analytics platform Lookonchain shows that the wallet address “0xF39…E4B,” identified as linked to the Ethereum Foundation, executed two large selling transactions on Tuesday evening (U.S. time):
- First Transaction: Sold 1,695 ETH at $4,556/ETH, generating 7.72 million DAI.
- Second Transaction: Just one hour later, sold another 1,100 ETH at $4,602/ETH.
Statistics reveal that this wallet previously received 20,756 ETH from the address “EF 1” in 2017. Currently, the remaining balance is only 99.9 ETH (approximately $457,681) and 11.6 million DAI.
The sale by the Ethereum Foundation coincided with a strong upward trend for Ether, surpassing the $4,500 mark—the highest level since early 2025.
At present, the price of Ether is $4,579, up 7.2% in the past 24 hours. Notably, Ether’s year-to-date gains are currently outperforming Bitcoin.
Related: Bitcoin Nears ATH as Whale Addresses Hit a New Record
Bullish Momentum from Institutional Capital
This bullish wave is primarily driven by:
- Corporate Investments: SharpLink Gaming and Bitmine are leading a trend of accumulating Ethereum, bringing the total value of ETH in corporate treasuries to nearly $9 billion.
- Record ETF Inflows: Ethereum spot ETFs recorded net inflows of over $1 billion just on Monday—the highest since these funds launched last year.
The Ethereum Foundation’s selling activity amidst rising prices continues to attract the attention of the crypto community, especially as the market shows positive signals from institutional capital inflows.
