Ethereum Foundation Offloads 3,750 ETH Worth $8.3M
Highlights:
- The Ethereum Foundation has dumped an additional 3,750 Ethereum tokens.
- The foundation sold the tokens for $8.3 million at the rate of $2,214 per token.
- Ethereum’s price dips slightly in the short-term amid ongoing selloffs.
Ethereum Foundation has continued to offload Ethereum (ETH) amid the token’s persistent price decline. Lookonchain, a renowned on-chain crypto transaction tracker, reported that the foundation has yet again dumped 3,750 Ethereum tokens, valued at approximately $8.3 million. The on-chain tracker added that the foundation sold each token at an average cost of $2,214.
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Despite the ongoing token selloffs, Lookonchain stated that the Ethereum Foundation still holds 1,250 ETH, valued at $2.77 million. On April 8, the foundation sold 416.67 ETH valued at approximately 933,340 DAO. Each of the tokens was sold at an average price of $2,240. Beyond dumping ETH, the foundation has also been staking the token.
The #EthereumFoundation continues to sell $ETH, having sold 3,750 $ETH ($8.3M) at an average price of $2,214.
It still has 1,250 $ETH($2.77M) left to sell.https://t.co/su6NUXALDu pic.twitter.com/sDABwJY1EN
— Lookonchain (@lookonchain) April 9, 2026
ETH Staking Efforts Intensify Despite Token Selloffs
On April 3, Crypto2Community reported that the Ethereum Foundation staked 45,034 ETH, valued at approximately $93.11 million. The new deposits add to the company’s ongoing staking efforts as it edges closer to its goal of having 70,000 staked Ethereum tokens. This is not the foundation’s first big stake in recent times. On March 30, it staked 22,517 ETH, valued at approximately $46.2 million at that time.
In February, the Ethereum Foundation announced the staking plans, noting that staking rewards will return to the foundation’s treasury to support its ongoing projects. The foundation staked 2,016 ETH alongside the announcement in February. So far, the Ethereum Foundation has already staked 69,657 ETH worth approximately $143 million. Overall, the foundation needs to stake an additional 343 ETH to meet its 70,000 Ethereum token target.
Highlighting possible reasons for the ongoing ETH staking, the Ethereum Foundation stated:
“We are excited to take this important step, which helps secure the Ethereum network and at the same time fund the EF’s core operations & activities, including protocol R&D, ecosystem development, community grant funding, and more.”
ETH’s Price Drops Slightly as Ethereum Foundation Dumps Over 3,000 Tokens
At the time of writing, the crypto market is 1.4% down, with a market cap of approximately $2.492 trillion. Bitcoin dominance has increased to about 57% while Ethereum sits at 10.6%. On its part, ETH is changing hands at approximately $2,179, with a market cap of approximately $263.47 billion and a trading volume of $17.99 billion. Despite its short-term price drop, ETH’s price spiked 6.7% week-to-date, 6.7% month-to-date, and 54% year-to-date.
On Coincodex, ETH’s supply inflation is low at 0.01%, with a medium volatility of 3.75%. “Fear & Greed Index” has plunged to “Extreme Fear” at 17, while sentiment remains bearish. Risk assessment shows that there were no major risks.
Whales and Institutions Show Faith in ETH with Consistent Accumulations
On April 6, Tom Lee’s BitMine Immersion Technologies announced the purchase of an additional 71,252 ETH worth $152.7 million. The company purchased the massive ETH holdings within a week and currently holds 4,803,334 ETH, valued at approximately $10.29 billion.
“Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the ‘Alchemy of 5%’ in just 9 months,” The company added. On April 4, Lookonchain reported that the mysterious whale linked to Erik Voorhees bought an additional 431.8 ETH valued at approximately $887,900 after previously buying 122,355 ETH for $264.37 million.
The mysterious whale linked to Erik Voorhees, who bought 122,355 $ETH ($264.37M) before, spent another 887.9K $USDT to buy 431.8 $ETH 5 hours ago.https://t.co/WyIdgPQpdShttps://t.co/Ug19jRgEIH pic.twitter.com/IyDOJfpP49
— Lookonchain (@lookonchain) April 4, 2026
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Chinedu Agbakwusi
Chinedu Agbakwusi is a news writer and editor for Crypto2Community. He is a crypto enthusiast with vast experience across several crypto-related projects and platforms. Chinedu has been following the development of the crypto market for several years, and he is optimistic about its potential to democratise the global financial system. He hopes to be a reliable plug for reporting trends and breaking down complex concepts to his readers. Agbakwusi's previously written for several crypto news including Times Tabloid, UPay, while also contributing over the years to many others leading media publications.
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