Ethereum Foundation unstaked 21,270 ETH as treasury activity draws attention
The post Ethereum Foundation unstaked 21,270 ETH as treasury activity draws attention appeared on BitcoinEthereumNews.com. The Ethereum Foundation has withdrawn more than 21,000 ETH from Lido staking weeks after carrying out earlier unstaking activity and multiple OTC treasury sales tied to operational funding. Summary Ethereum Foundation withdrew 21,270 ETH from Lido weeks after earlier unstaking activity and OTC treasury sales. Recent Ethereum Foundation grants continued funding work tied to zero-knowledge research, validator security, and Ethereum core clients. Arkham said the latest unstaking move may relate to operational funding needs or rising concerns around third-party protocol risks after the Kelp DAO exploit. According to blockchain analytics platform Arkham, an Ethereum Foundation-tagged wallet initiated the withdrawal of 21,270 ETH on Monday, an amount worth nearly $50 million at current prices. The transaction moved the funds out of Lido’s liquid staking system and into E