Ethereum Foundation sells $12.7M ETH at yearly highs
The Ethereum Foundation has sold approximately 2,795 ETH, worth $12.7 million, as ether prices surged to their highest levels this year.
Onchain analytics from Lookonchain revealed that the Foundation’s wallet, “0xF39…E4B,” executed two major transactions late Tuesday, reports Lookonchain.
The first involved selling 1,695 ETH at $4,556 for 7.72 million DAI, followed an hour later by 1,100 ETH at $4,602. The wallet originally received over 20,000 ETH from the “EF 1” address in 2017 and now retains just 99.9 ETH (about $457,681) alongside 11.6 million DAI.
Price surge and market positioning
Ether’s rally has been particularly strong, climbing 7.2% in the past 24 hours to reach $4,579 as of late Tuesday — outpacing Bitcoin in year-to-date gains. This momentum is being fueled by robust inflows into spot Ethereum ETFs and growing activity among Ethereum treasury firms. According to The Block’s data, ETH has now firmly broken above $4,500, benefiting from renewed institutional and corporate interest.
Traders noted that the timing of the sale aligned with a liquidity-rich environment, potentially allowing the Foundation to diversify holdings without significantly impacting price.
Institutional and ETF-driven demand
Corporate ETH treasuries, led by SharpLink Gaming and Bitmine, now control close to $9 billion worth of ETH, reflecting a broader institutional accumulation trend. Meanwhile, spot ETH ETFs posted a record daily net inflow exceeding $1 billion on Monday — the largest since their launch last year.
Analysts suggest these inflows are boosting market confidence, creating a supportive backdrop for price strength even amid profit-taking by large holders like the Ethereum Foundation.
Recently we wrote that Ethereum, the world’s second-largest cryptocurrency by market capitalization, surpassed the $4,500 mark on August 12 for the first time in more than three years.
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