Ethereum Foundation Unstakes $48.9 Million worth of ETH, Market Worries About Future Selling Pressure


The Ethereum Foundation recently unstaked approximately $48.9 million worth of ETH and deposited WSTETH into Lido's unstETH contract, which can be withdrawn as ETH once unlocked.
The market's focus is on whether the unstaked ETH will be sold like before.
Historical data shows that the foundation has sold ETH multiple times for operational funds, which continues to raise concerns about potential selling pressure.
The underlying fund flows may be a signal of the market's next move, and investors should stay alert.
ETH0,56%
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