The Ethereum Foundation unstaking approximately $48.9 million worth of ETH, and the market is focusing on subsequent selling trends.

CoinFeed reported on April 26th that on-chain analytics platform Arkham released monitoring data on the X platform showing that the Ethereum Foundation has unstaking approximately $48.9 million worth of ETH. On-chain operations show that the Ethereum Foundation has deposited its WSTETH holdings into Lido's unstETH unstaking contract. Once the unlocking process is complete, it will receive the corresponding amount of ETH in the spot market. The current crypto market is focused on the subsequent movement of this asset, paying close attention to whether the Ethereum Foundation will sell the unlocked ETH. Previously, the Ethereum Foundation has repeatedly sold ETH for operational fund management, and these actions have consistently raised concerns in the market about potential selling pressure on ETH.