Ethereum Foundation Makes Another $3.87 Million Sale: 4,000 ETH Sold
A wallet linked to the Ethereum Foundation has sold another 2,000 ETH. Total sales over the past three days have reached 4,000 ETH. Here are the details.
As Ethereum (ETH) continues to experience a sharp price decline, sales involving wallets linked to the Ethereum Foundation are attracting attention. Blockchain analytics platform Onchain Lens reported that an address associated with the foundation sold 2,000 ETH for approximately $3.87 million. With the latest transaction, total sales over the past three days have reached 4,000 ETH. The selling activity, which began after 15 days of inactivity, has become a topic of discussion among Ethereum investors.
Ethereum Foundation Sells 4,000 ETH Within Three Days
According to data shared by Onchain Lens on X on November 13, 2026, a wallet associated with the Ethereum Foundation swapped 2,000 ETH for approximately 3.87 million USDS through the decentralized trading platform CoW Swap. The transaction's average execution price was approximately $1,935 per ETH. USDS is a stablecoin pegged to the US dollar.
The latest sale indicates renewed activity among addresses linked to the foundation. Onchain Lens noted that the wallets resumed selling after remaining inactive for 15 days. The total amount of ETH sold within three days increased to 4,000, with previous transactions also reportedly executed through CoW Swap.
Movements involving addresses believed to be connected to the Ethereum Foundation can be tracked on the blockchain. However, no new official statement has been issued explaining the operational needs behind these sales. Furthermore, it has not been independently confirmed that the foundation directly controls the wallets in question.
Why Do These Sales Matter Amid Ethereum's Decline?
The transactions, which occurred as Ethereum fell below the $2,000 level, have drawn investors' attention to large cryptocurrency wallets. In particular, the sale of the latest 2,000 ETH at approximately $1,935 demonstrates that selling activity continued even at lower price levels. Nevertheless, blockchain transfers alone cannot establish that the foundation holds a negative outlook on Ethereum's future.
The Ethereum Foundation uses financial resources to support ecosystem development, fund research, and cover various operational activities. Therefore, ETH sales involving foundation-linked wallets should not necessarily be interpreted as a direct indication of declining confidence in the market.
Whether additional sales emerge from these addresses will be an important development to monitor in the coming period. With Ethereum trading at relatively low price levels, investors are expected to closely watch large transactions.
Author's Analysis
The sale of 4,000 ETH within three days from addresses linked to the Ethereum Foundation is particularly noteworthy during a period of market weakness. In my view, the timing of these sales matters more than their size. Transactions executed while Ethereum trades below $2,000 could heighten investors' concerns about existing selling pressure. However, it is important to remember that the foundation has previously sold ETH to finance its operations. To better understand the potential impact of these transactions on Ethereum's price, market liquidity and movements involving other large wallets should be evaluated together.
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Disclaimer: This content is for informational purposes only and is not investment advice. Cryptocurrencies are high-risk; make investment decisions based on your own research.
Content Editor and Writer
Dr. Mesut İnan is a researcher, academic and crypto journalist who has been producing content about cryptocurrencies since 2018. He brings a different perspective to the industry by combining his expertise in sociology with the cryptocurrency ecosystem. Before joining Kriptofoni as co-founder, content editor and writer, İnan worked for several cryptocurrency media platforms: he was an editor and writer at Kriptokoin from 2018 to 2023 and at COINTURK from 2023 to 2024. İnan made a valuable contribution to the ecosystem with his book on Bitcoin, "Bitcoin Sen Bizim Her Şeyimizsin" (Bitcoin, You Are Our Everything). Alongside his academic background, his regular analyses, news and commentary have made him one of the well-known names in cryptocurrency journalism in Turkey. İnan continues his work as a writer and educator and remains a prominent expert voice in the cryptocurrency field.
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