🚨 Ethereum Foundation Activity Alert
The Ethereum Foundation has started large-scale $ETH
ETHUSDT
Perp
2,273.42
-0.76%
unstaking 👀
In the past 24 hours, multiple batches of ~811 wstETH (around $2.3M each) have been sent to Lido’s unstaking contract — repeated dozens of times.
Total unstaked value now sits near $49M.
This suggests a full conversion cycle:
wstETH → stETH → ETH
The key question now is what comes next…
Will this ETH remain idle, be redeployed, or turn into sell-side pressure? 📉
Moves of this size don’t go unnoticed — worth keeping an eye on how the market reacts.