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Ethereum Foundation unstaked $49M ETH via Lido, sparking market speculation on potential sales.

Market News
27 Apr 2026
Blockonomi
View Source
Bearish
pluang ai news

The Ethereum Foundation withdrew 17,035 ETH, worth about $49 million, using Lido’s unstETH mechanism, converting staked ETH back to liquid form. This move came just as the Foundation neared its 70,000 ETH staking target, raising questions about possible market sales since no official explanation was given. The Foundation has previously sold 10,000 ETH privately, fueling concerns about selling pressure. Meanwhile, the Ethereum DeFi sector faces a $293 million security breach, adding to market uncertainty.

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