Ethereum Foundation Wallet Sells $5M in ETH Again

• Ethereum Foundation-linked wallet sold 1,100 ETH.
• The transaction was worth $5.06 million at $4,602 per ETH.
• Sale timing triggers speculation on ETH price trends.

In a move that caught the attention of the crypto community, an Ethereum Foundation-linked wallet (address: 0xF39d) has sold another 1,100 ETH, valued at approximately $5.06 million. The sale happened roughly 25 minutes ago, with each ETH sold at a price of $4,602.

This isn’t the first time the Ethereum Foundation has offloaded significant amounts of ETH during market peaks, and it has once again raised eyebrows across the crypto space.

$5M ETH Sold — What Does It Mean?

Large ETH movements from wallets linked to the Ethereum Foundation often trigger market speculation. Historically, some of these sales have aligned with local price tops. While no official statement has been made regarding the intent behind this sale, many traders and analysts interpret it as a possible signal of upcoming price pressure or caution.

It’s worth noting that this wallet has previously been tracked making similar sales during bullish market trends, prompting some to consider these moves as strategic.

Market Watching Ethereum’s Next Move

The sale of 1,100 ETH might seem small compared to Ethereum’s total market volume, but sales by foundation-linked wallets carry psychological weight. Investors often take such actions as subtle indicators of price sentiment or even internal valuation strategies.

With ETH hovering around the $4,600 mark, traders are closely watching to see if this wallet activity hints at a market correction or is simply part of normal treasury management.

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