Arkham: Ethereum Foundation unstakes $48.9 million worth of ETH, market is concerned whether further sales will occur

The on-chain analysis platform Arkham posted on X that the Ethereum Foundation has unstaked approximately $48.9 million worth of ETH. Tracking data shows that the Ethereum Foundation has deposited WSTETH into Lido's unstETH contract, and after the unlocking process is completed, it will receive the corresponding ETH.

The market's focus is on whether the ETH unstaked by the Ethereum Foundation will be sold further. Previously, the Ethereum Foundation has sold ETH multiple times for operational fund management, raising ongoing concerns in the market about potential selling pressure.