The Ethereum Foundation moved 11,000 ETH (a blockchain network token) from staking (locking crypto to earn rewards) as it manages treasury funds, according to the post shared online.
The Ethereum Foundation unstaked 11,000 ETH, worth about $49.6 million, for treasury purposes, according to the posted update. The move suggests the organization is reallocating assets from staking, where tokens are locked to help secure the network and earn rewards, into funds available for operational or treasury use. No additional details were provided in the source beyond the amount and stated purpose.