TLDR
- Ethereum Foundation sold 2,795 ETH worth $12.7 million amid Ethereum’s price surge.
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The Ethereum Foundation wallet moved ETH at prices above $4,500 per coin.
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Ethereum price surged 7% in 24 hours, hitting a yearly high above $4,500.
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Corporate ether treasuries now hold nearly $9 billion in ETH, outpacing Bitcoin.
The Ethereum Foundation has sold approximately 2,795 ETH, valued at $12.7 million, according to data from Lookonchain. The sale was made during a period of strong price momentum for Ethereum, with the cryptocurrency breaking past $4,500, its highest level of 2025 so far.
The sale occurred late Tuesday night, with the foundation’s wallet “0xF39…E4B” offloading 1,695 ETH at a price of around $4,556 for 7.72 million DAI. Just an hour later, another 1,100 ETH were sold at $4,602. The wallet, which originally received 20,756 ETH from the “EF 1” address in 2017, now holds just 99.9 ETH and 11.6 million DAI.
Ethereum Price Surge and Corporate Influence
Ethereum’s price surge coincided with significant movements in the corporate sector. Ether saw a 7.2% rise in the past 24 hours, reaching $4,579.
This rally has pushed Ethereum ahead of Bitcoin in terms of year-to-date performance.
A wallet (0xF39d) linked to the #EthereumFoundation sold 1,695 $ETH for 7.72M $DAI at $4,556 in the past 2 hours.
This wallet originally received 20,756 $ETH ($95.5M now) from the #EthereumFoundation wallet "EF 1" back in 2017.https://t.co/l0tVaX1Qeq pic.twitter.com/XrI8bbUpuQ
— Lookonchain (@lookonchain) August 13, 2025
The surge in Ethereum’s price is partly attributed to strong corporate investment. For instance, corporate ether treasuries, including companies like SharpLink Gaming and Bitmine, have accumulated nearly $9 billion worth of ETH. This influx of institutional capital has contributed to Ethereum’s market momentum.
Strong Institutional Support for Ethereum ETFs
Ethereum’s price rally has also been fueled by substantial flows into spot Ethereum exchange-traded funds (ETFs). Monday marked the first time since the debut of these products that daily net inflows exceeded $1 billion.
The growth in spot Ethereum ETFs indicates a shift in how institutional investors are approaching the digital asset market. With major players now backing Ethereum through regulated ETFs, this could further support Ethereum’s continued market growth.
The increasing institutional interest in Ethereum demonstrates a maturing market, as investors are looking for more structured ways to gain exposure to digital assets.
Ethereum Foundation’s Role and Strategy
The Ethereum Foundation’s decision to offload ETH during this price rally raises questions about its strategy. The sale could be part of the foundation’s broader financial planning or a response to market conditions.
Although the Foundation still holds a significant amount of ETH, these periodic sales reflect its ability to act in line with market trends.
Despite selling a portion of its holdings, the Ethereum Foundation’s remaining ETH and DAI suggest a solid position in the market. The Foundation has continued to support Ethereum’s development, using its resources for research and other initiatives that contribute to the Ethereum ecosystem’s growth.
