Ethereum Foundation-Linked Wallet Dumps Another 2,400 ETH—Timing the Top or Fueling the Rally?

Another day, another crypto sell-off from the big players. A wallet tied to the Ethereum Foundation just offloaded 2,400 ETH—right as prices hit fresh highs. Smart money cashing out, or just rebalancing? You decide.

Timing is everything—especially when you're sitting on a nine-figure stack. The move comes amid a blistering market rally that's seen ETH surge 30% in August alone. Classic 'sell the news' behavior—or just prudent profit-taking?

Meanwhile, retail traders keep chasing the pump. As usual. Because nothing screams 'healthy market' like whales dumping while moonboys FOMO in. Stay sharp out there—the only free lunch in crypto is the one served by greater fools.

An ethereum Foundation-linked wallet sold 2,400 ETH at $4,602, just hours after offloading 1,695 ETH for $7.72 million in DAI. The wallet originally received 20,756 ETH from the Foundation’s “EF 1” address in 2017. Such transactions are part of the Foundation’s routine treasury and funding strategy, supporting operations, grants, and ecosystem development. The sale comes as Ethereum trades near $4,600, reflecting strong institutional interest and market momentum.