PANews April 26 news, on-chain analysis platform Arkham announced monitoring data on the X platform, revealing that the Ethereum Foundation has unstaked approximately $48.9 million worth of ETH. On-chain operations show that the Ethereum Foundation has deposited its held WSTETH into Lido's unstETH unstaking contract, and after the unlocking process is completed, it will receive the corresponding amount of ETH spot.

Currently, the core focus of the cryptocurrency market is on the subsequent movements of this asset, with heightened attention on whether the Ethereum Foundation will sell the ETH after it is unlocked. Previously, the Ethereum Foundation has sold ETH multiple times for operational fund management, and these operations have raised ongoing concerns in the market about potential selling pressure on ETH.

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