7,500 Ether Sales Generate 14.52 Million USDS in Four Days
Key Facts
A total of 7,500 ether was sold over four days, generating about 14.52 million USDS, according to Lookonchain. The platform said the recent proceeds were transferred to a multisignature Safe wallet. The figures put the scale of the sales and proceeds at the center of the development, without by themselves establishing a direct effect on ether’s price. In a broader context, the sales coincided with outflows from U.S. spot Ethereum funds in November. Net outflows totaled $695.9 million through Nov. 13, according to SoSoValue data cited by BeInCrypto.
The figures cover different periods: Lookonchain’s proceeds relate to four days, while the fund figure covers the period from the start of November through Nov. 13. They therefore provide two concurrent measures of money flows, not a direct comparison between a single source and another. EL7’s daily closes show ETH/USD falling from $2,127.46 on Nov. 8 to $1,769.2 on Nov. 14. These are dated daily closes, not the price at the time of the news. The trajectory indicates a price decline over the period, but does not establish that the wallet sales or fund flows caused it.
By contrast, Lookonchain reported that several wallets linked to Erik Voorhees spent $97 million to buy 48,647 ETH during the four days preceding its report dated Nov. 14. That places large purchases in the same picture as the sales described above. The information does not identify any connection between those purchases and the Safe wallet that received the sale proceeds. Nor does it show that either move drove the price action or offset the other’s effect. The figures remain descriptions of separate transactions reported by Lookonchain during the period.
The Ethereum Foundation’s treasury policy, published June 4, 2025, says it periodically calculates the difference between fiat-denominated assets and its operating expense reserve, then determines how much ether may be sold over the following three months. The policy states that it determines “the amount of ETH to sell, if any, over the next three months.” This framework provides context for the treasury’s sales mechanism, but does not establish that the sale identified by Lookonchain followed a particular review. The 2024 treasury report estimated its value at about $970.2 million on Oct. 31, 2024. Crypto assets accounted for $788.7 million, versus $181.5 million in investments and non-crypto assets, and ether made up 99.45% of crypto assets.
Earlier price action provides additional context: iShares Ethereum Trust’s third-quarter report said ether fell below $1,600 in June 2026, after reaching about $4,950 in August 2025. The report estimated a decline of more than 65% from that peak through June 2026. Those figures relate to a period before the November sales and do not describe ether’s price in the news session. The latest close included here in EL7 data is $1,769.2 on Nov. 14. The reported facts do not specify a later date for an update on treasury sales or fund flows.