Arkham: Ethereum Foundation unpledged US$48.9 million worth of ETH, the market is concerned about whether it will be sold further

On-chain analysis platform Arkham issued a document on the X platform stating that the Ethereum Foundation has unpledged ETH worth approximately US$48.9 million. Tracking data shows that the Ethereum Foundation has deposited WSTETH into Lido's unstETH contract, and will obtain the corresponding ETH after the unlocking process is completed. The focus of market attention is whether ETH will be further sold after the release of the pledge by the Ethereum Foundation. Previously, the Ethereum Foundation sold ETH many times for working capital management, causing the market to continue to pay attention to potential selling pressure.