Ethereum Foundation dumping again? 👀
2 wallets tied to EF just dumped 4,393 $ETH ($11.13M) into Kraken 5 hours ago.
These same wallets received 59,751 $ETH from the Foundation 10 years ago at $0.9.
Cost basis: $0.9
Sell price: ~$2,533
That's a 2,814x return. Pure exit liquidity for early insiders while retail holds bags.
EF has been consistently selling into strength. This isn't new. Watch the on-chain flows—when foundations move, they're not DCAing for fun.
2 wallets tied to EF just dumped 4,393 $ETH ($11.13M) into Kraken 5 hours ago.
These same wallets received 59,751 $ETH from the Foundation 10 years ago at $0.9.
Cost basis: $0.9
Sell price: ~$2,533
That's a 2,814x return. Pure exit liquidity for early insiders while retail holds bags.
EF has been consistently selling into strength. This isn't new. Watch the on-chain flows—when foundations move, they're not DCAing for fun.