Ethereum Foundation unstakes $48.9M in ETH, raising selling pressure concerns

Ethereum

Ethereum Foundation unstakes $48.9M in ETH, raising selling pressure concerns

Bitcoin Ethereum News

The Ethereum Foundation is unstaking $48.9 million worth of ETH, raising questions about potential selling pressure. The Ethereum Price in 2026 market sits at 4% YES, unchanged from a week ago, suggesting traders arent pricing in long-term effects from the move.

Market reaction

The news has traders watching the Ethereum Price in April market, where odds for ETH reaching $4,000 by end of April were already facing resistance. The $10,000-by-end-of-2026 contract remains flat at 4% YES, with no movement over the past week. The Ethereum market shows about $28 in daily USDC trading volume, with $1,022 in order book depth needed to move prices by five points. That thin liquidity means even modest trades can shift the odds.

Why it matters

The unstaking decision fits a pattern of inconsistent treasury management by the Foundation. They previously staked large sums of ETH, then sold portions later. This latest move suggests preparation for operational expenses or treasury rebalancing, but there‘s no confirmation whether the unstaked ETH will actually be sold. If it is, the thin order books on Polymarket’s ETH contracts make short-term price swings more likely.

What to watch

Any announcement from the Ethereum Foundation about what they plan to do with the unstaked ETH will be the most direct signal. On the prediction market side, watch for changes in order book depth and whether the $10,000 contract moves off its current 4% level. Buying YES at 4¢ offers a large potential return if ETH reaches $10,000 by end of 2026, but that bet requires believing in a major rally against current bearish sentiment.