Ethereum Foundation offloads $12.7 million worth of ETH amid price momentum: onchain analyst
The Ethereum Foundation has sold at least 2,795 ETH, valued at about $12.7 million, as ether prices surged to yearly highs, according to onchain data.Onchain data analytics provider Lookonchain reported that the wallet "0xF39…E4B" linked to Ethereum Foundation offloaded 1,695 ETH at around $4,556 for 7.72 million DAI late Tuesday night. Then about an hour later, it sold another 1,100 ETH at $4,602.The wallet, which originally received 20,756 ETH from the "EF 1" address in 2017, now holds 99.9 ETH (worth about $457,681) alongside 11.6 million DAI.Ethereum Foundation's move coincides with ether's strong price momentum, with the cryptocurrency reaching above $4,500 — its peak for the year. As of 10:50 p.m. Tuesday ET, ether climbed 7.2% in the past 24 hours to $4,579, according to The Block's Ethereum price page. Ether is now outperforming bitcoin in year-to-date price gains, fueled by a recent wave of Ethereum treasury companies and significant flows into spot Ethereum exchange-traded funds. Corporate ether treasuries, led by SharpLink Gaming and Bitmine, now hold close to $9 billion worth of ETH. Meanwhile, spot ETH ETFs recorded over $1 billion in total daily net inflows on Monday, which is a first since their debut last year.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.