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Ethereum Foundation Unstakes 21,271 ETH in Its Largest Move of 2025

According to Arkham and Lookonchain, the Ethereum Foundation withdrew 21,271 ETH from Lido staking as part of treasury management, following earlier unstaking activity and OTC sales tied to operational funding.

ETH

Summary

The Ethereum Foundation unstaked 21,271 ETH on May 11, identified by Arkham Intelligence and Lookonchain and valued at about ¥7.8 billion. The withdrawal came from Lido staking and was attributed to an Ethereum Foundation-tagged wallet. The move appears consistent with periodic treasury rebalancing and followed earlier unstaking activity as well as multiple over-the-counter treasury sales linked to operational funding. The same day, the foundation also held a core developer meeting in Svalbard, Norway.

Terms & Concepts
  • Unstaking: The process of withdrawing previously staked tokens from a proof-of-stake network or staking service to regain direct control of the assets or reallocate capital.
  • Lido staking: A staking service that lets users stake Ether to help secure Ethereum and earn rewards without operating their own validator infrastructure.
  • OTC treasury sales: Over-the-counter sales are private transactions conducted outside public exchanges, often used by large holders to raise funds while reducing market impact.