Ethereum Foundation Unstakes $48.9 Million Worth of ETH

The Ethereum Foundation has unstaked approximately $48.9 million worth of ETH, according to Foresight News. On-chain analysis platform Arkham reported that the foundation has deposited WSTETH into Lido's unstETH contract, awaiting the completion of the unlocking process to receive the corresponding ETH. Market observers are closely monitoring whether the unstaked ETH will be sold following the completion of the unlocking process.