$ETH 📊⚠️

The Ethereum Foundation is reportedly unstaking large amounts of $ETH over the past 24 hours 🔄

Repeated transfers of 811.206 wstETH (~$2.3M per transaction) were sent to Lido’s unstaking contract 💰

Total unstaked value is around $48.9M 📉

This reflects a conversion flow:

wstETH → stETH → ETH 🔄

It raises questions:

Could this ETH soon become sell-side supply in the market? 🤔📊

⚠️ This could increase selling pressure if it reaches exchanges