Ethereum News Today: Ethereum Foundation Sells $13M ETH as Price Rises 8.3% on Strong Institutional Demand

The Ethereum Foundation recently executed two major sales of its ETH holdings, totaling 2,795 tokens and valued at nearly $13 million. The first transaction involved the sale of 1,695 ETH for $7.7 million in DAI, while the second included an additional 1,100 ETH sold for $5.06 million. These trades occurred as Ethereum’s price surged above $4,600, marking its highest level since November 2021 and reflecting an 8.3% increase over the previous 24 hours [1]. The activity was tracked by on-chain analysts and highlighted by Lookonchain, noting the transactions originated from the wallet address 0xF39d [1].

The ETH dump comes amid a broader market upswing driven by strong institutional demand, including a record $1.02 billion in single-day inflows into Ethereum ETFs and growing corporate interest. Institutional investors have committed over $14 billion to ETH in recent months, further supporting the token’s bullish momentum [2]. The price has reached intraday highs of $4,683, with market observers anticipating a potential retest of the $4,800 all-time high level [1].

The Ethereum Foundation has consistently maintained that proceeds from its ETH sales are allocated toward ecosystem development, including operational expenses, grant programs, and staff salaries. Foundation president Aya Miyaguchi has emphasized that these sales are not speculative but necessary to cover ongoing financial needs [1]. Despite this explanation, the timing of the recent offloads has drawn scrutiny, especially following a similar large-scale sale in January 2025 that was criticized for its potential impact on market sentiment [2].

While the current market rally has somewhat muted concerns over the Foundation’s selling activity, continued large-volume transactions could lead to renewed debate over the timing and transparency of its financial decisions. Investors and analysts are closely watching the Foundation’s strategy, as maintaining trust and clarity in its operations remains essential to the broader Ethereum community [3].

Source:

[1] Ethereum Foundation dumps $13m worth of ETH amid price pump (https://crypto.news/ethereum-foundation-dumps-13m-worth-of-eth-amid-price-pump/)

[2] BitMine Goes All In: $20B Stock Issuance to Buy More ... (https://www.blocmates.com/news-posts/bitmine-goes-all-in-20b-stock-issuance-to-buy-more-ethereum)

[3] DOJ considers appeal of time-served sentence in $577M ... (https://crypto.news/doj-considers-appeal-of-time-served-sentence-in-577m-hashflare-ponzi/)