The Ethereum Foundation sold 1,210 ETH for approximately $3.5 million in USDC via Uniswap V4, with the transaction averaging $2,889.50 per ETH. This sale follows a recent series of fund movements, during which approximately 21,000 ETH were consolidated into a multisig wallet over the past month.
From this wallet, 7,000 ETH was further distributed, including today’s sale from a secondary address. The transaction, tracked live via Lookonchain, adds a real-time layer of insight into the Foundation’s treasury operations.
This sale appears to align with the Foundation’s long-standing practice of measured asset management, likely aimed at funding development, grants, and ecosystem initiatives. Rather than flooding the market or creating panic, these controlled offloads are meant to support operational expenses transparently. Despite occasional calls for ETH to be staked or funneled into DeFi, the Foundation maintains a neutral stance that prioritizes long-term project health and flexibility.
Ethereum price recently touched $3,000 before pulling back, establishing key support near $2,750. Notably, while the Foundation is selling, other players are buying heavily. Over $358 million in ETH has been scooped up by whales and institutional wallets in the past 24 hours, signaling growing confidence from the smart money side of the market.
Even though the Ethereum network is being used more, with total value locked (TVL) rising from $50 billion to $73 billion in just three months, this hasn’t boosted demand for ETH itself. Moreover, the network fees have dropped 22% in the last month. Hence, Lower fees mean less ETH is burned, which weakens its appeal as a deflationary asset. This drop in fee revenue may be one reason the Foundation chose to sell today.
Overall, today’s ETH sale by the Ethereum Foundation looks more like routine treasury management than anything negative. With institutions still buying and Ethereum gaining more real-world use, the overall outlook remains strong, even as on-chain demand takes a breather.
Ethereum’s price is up today due to several converging factors: massive institutional demand flowing into spot Ethereum ETFs (like BlackRock’s iShares Ethereum Trust), a structural squeeze in circulating supply from staking and token burns, and a broader surge in the crypto market following Bitcoin’s new all-time highs.
The Ethereum Foundation (EF) is a non-profit organization dedicated to supporting Ethereum and related technologies. It was founded in 2014 and is based in Switzerland. Its mission is to allocate resources to critical projects, advocate for Ethereum, and foster a decentralized, open-source ecosystem without controlling the network itself.
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