BroadChain News, April 26, 15:06, on-chain analysis platform Arkham disclosed monitoring data on X platform on April 26, stating that the Ethereum Foundation has withdrawn approximately $48.9 million worth of ETH. On-chain operations show that the foundation deposited its WSTETH holdings into Lido's unstETH unstaking contract. After the unlocking process is completed, the foundation will receive the corresponding amount of spot ETH.
The current crypto market is focusing on the subsequent movement of these assets, particularly whether the foundation will sell the unlocked ETH. Previously, the foundation has sold ETH multiple times for operational fund management, and these operations have continuously sparked market concerns about potential selling pressure on ETH.