This is why ETH can’t break ATH🚨
Between April and October 2025, the Ethereum Foundation sold around 36,000 ETH
(Worth between $65–72 million)
Here’s what’s happening
The sales were executed as part of a new treasury policy introduced in June 2025
Which allows the Foundation to liquidate up to 15% of its holdings annually to fund operations, R&D, and ecosystem grants.
Most sales went through CoW Swap TWAP
(A MEV-protected method that sells ETH gradually over hours to minimize price impact)
Main Ethereum Foundation wallets involved:
0x9fc3dc011b461664c835f2527fffb1169b3c213e
Main 3-of-5 multisig used for DeFi participation (Aave, Compound).
Received 50,000 ETH in January 2025 for treasury operations.
Current holdings: around 200,000–220,000 ETH.
0xf39d30fa570db7940e5b3a3e42694665a1449e4b
Linked to direct sales and CoW Swap transactions.
Sold 7,294 ETH (~$33.2M) in August 2025.
0xe481a22056bd2adfbf9d723d162c471f6125328c
An old inactive wallet that transferred 92,500 ETH on July 25, 2025
The Ethereum Foundation currently holds:
• 189,400 ETH (~$871M)
• 20,800 aWETH (~$95.8M) in Aave
• 7.7M DAI + 214 WETH
Total portfolio value: $943–961M
The Ethereum Foundation it’s funding Ethereum’s long-term roadmap.
But the result is the same for price action:
consistent, structured sell pressure from the inside.
ETH can’t break a new ATH because its own foundation is selling into every rally
Show original
21.75K
190
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.