Ethereum Foundation-Linked Address Sells 2,000 ETH Worth $3.868 Million
Key Facts
An address linked to the Ethereum Foundation sold an additional 2,000 ETH worth $3.868 million after the cryptocurrency fell below $2,000, according to data from platform Lookonchain on November 13, 2026. The platform tracked the on-chain transaction and identified the address as 0x5CB…22059. The sale came as the price was trading below that level, but this does not establish the reason for the decline. The transaction was the latest observed move by the address among its recorded sales since October 26. Data for the period show that the balance remaining at the address was still larger than the amount sold.
Since October 26, the address has sold 6,785 ETH for a total of $14.45 million, according to Lookonchain. At the time of observation on November 13, it still held 21,247 ETH, valued at about $41.1 million. The November 13 transaction was therefore part of a series of cumulative sales, while substantial holdings remained at the address. The platform had tracked the sale of 1,000 ETH worth about $2.13 million on November 10. That followed a two-week pause, according to Lookonchain’s report on the earlier transaction.
For U.S.-listed funds tied to Ethereum, net outflows totaled $144.8 million on November 11, according to data from Farside Investors. ETHA accounted for the largest share of the outflows, with net outflows of $129.8 million that day. Outflows in the November 10 session were much smaller, with net outflows of $1.3 million. The comparison shows a widening in net outflows between the two days, without linking fund flows to the address’s sale. These figures place the wallet’s move in the broader context of flows recorded in the market during the week.
In a move opposite to that of the Foundation-linked address, whale 0x4cee bought an additional 10,380 ETH worth $19.91 million on November 13, according to Lookonchain. Its total holdings rose to 25,498 ETH worth $49.44 million after the purchase. The report put the average purchase price for the holdings at $2,382 and cited unrealized losses of $11.3 million at the time of observation. The transaction shows different behavior by two large addresses during the same period: one sold, while the other increased its holdings. The whale’s figures describe its purchases, holdings and unrealized losses, and do not establish a broader shift in the market’s direction.
The Ethereum Foundation’s treasury policy, published on June 4, 2025, states that the size and frequency of ETH sales are tied to how far fiat-denominated assets deviate from the target operating expense reserve. The policy set an annual operating expense target equivalent to 15% of the treasury and a reserve covering 2.5 years of expenses. In describing the sales mechanism, the Foundation said that this level “directly determines the size and frequency of ETH sales.” The policy provides a published framework for understanding treasury management, but the available material does not explain the reasons for the specific sale on November 13. Based on the available figures, the observed sale remains part of the address’s recorded on-chain activity.
Before the sale was observed, ETH closed at $2,019.55 on November 12, compared with $2,056.10 on November 11, according to Investing.com data. This came before the price fell below $2,000 when the transaction was observed the following day. As for the network’s upcoming developments, Ethereum’s roadmap showed that the Glamsterdam upgrade was expected on mainnet in the fourth quarter of 2026. Its launch date was not confirmed in the page’s latest update, dated October 16, 2026. The fourth-quarter window remains the published timeframe for the upgrade, with no specific launch date.