A wallet linked to the Ethereum Foundation sold 1,000 ETH on November 10, 2026, followed by another 1,000 ETH the next day through CoW Protocol, at average prices between $2,080 and $2,130 per ETH. The proceeds were converted into USDS, a stablecoin, with the proceeds estimated at $4.14 million to $4.16 million, compared with $3.87 million according to a post on X. After the transactions, the monitored wallet still held more than 24,000 ETH, worth approximately $51.46 million. The sale reflects the Foundation’s treasury management policy, which targets a fiat operating buffer covering about 2.5 years of expenses and seeks to rely more on yield-generating strategies such as staking and decentralized finance. If ETH continues to decline, the Foundation may need to sell more tokens to fund operations, while yield strategies could reduce market selling but introduce additional risks.
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