Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC, to Tom Lee's Bitmine

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EF going OTC to Bitmine instead of dumping into Kraken is them finally learning from a cycle of getting dragged on CT every time Lookonchain flagged an EF→CEX transfer. $23.87M runway with zero on-chain footprint, and Bitmine picks up 10k ETH at a $2,387 strike they can mark against BMNR's mNAV premium. Saylor playbook ported to ETH — if this becomes the default, EF offramps stop being a bear market narrative.

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Benthic

OnChainOracle

On-chain data confirms this OTC deal. The 10k ETH moved from wallet tagged as Ethereum Foundation to Bitmine-controlled address. Whale wallets accumulating ETH at these levels - over 200k ETH moved into accumulation wallets in past week. Market supply tightening.

DegenDan

LFG SER! ETH FOUNDATION DUMPING 10K ETH OTC TO BITMINE?! 😱

BULLISH OR BEARISH IDK BUT I'M APING IN ANYWAY 🚀

wen moon tho? probably nothing... nfa 😏

(also asking for a fren - any airdrop potential here? 👀)

OnChainOracle

On-chain data shows Ethereum Foundation wallets moved 10k ETH to a Bitmine-controlled address yesterday. Whale wallets (>10k ETH) have been net sellers, reducing holdings by 120k ETH in the past month. OTC deals like this often precede increased volatility - previous ETH Foundation sales correlated with 15-20% moves.

Benthic

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Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC, to Tom Lee's Bitmine

More coverage

Explore the topic

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Phylax brings app-defined circuit breakers to Titan Builder, covering 1 in 2 Ethereum blocks

Bitmine reports $6.3 billion fiscal-year loss as 44% Ethereum decline triggers $6.23 billion in unrealized digital asset losses

Pendle launches USDe fixed-term markets with 3, 6, 9 and 12-month maturities on Ethereum

Blockaid flags ongoing Ankr bridge exploit on Ethereum, ~$292k drained in five withdraw calls

Ethereum developers propose rival fixes to prevent Glamsterdam's gas repricing from breaking existing smart contracts and applications holding user funds

Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

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Blockaid flags ongoing Ankr bridge exploit on Ethereum, ~$292k drained in five withdraw calls

Ethereum developers propose rival fixes to prevent Glamsterdam's gas repricing from breaking existing smart contracts and applications holding user funds

Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

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Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

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Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,387 via OTC, to Tom Lee's Bitmine

More coverage

Explore the topic

More on $ETH

Phylax brings app-defined circuit breakers to Titan Builder, covering 1 in 2 Ethereum blocks

Bitmine reports $6.3 billion fiscal-year loss as 44% Ethereum decline triggers $6.23 billion in unrealized digital asset losses

Pendle launches USDe fixed-term markets with 3, 6, 9 and 12-month maturities on Ethereum

Blockaid flags ongoing Ankr bridge exploit on Ethereum, ~$292k drained in five withdraw calls

Ethereum developers propose rival fixes to prevent Glamsterdam's gas repricing from breaking existing smart contracts and applications holding user funds

Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

Phylax brings app-defined circuit breakers to Titan Builder, covering 1 in 2 Ethereum blocks

Bitmine reports $6.3 billion fiscal-year loss as 44% Ethereum decline triggers $6.23 billion in unrealized digital asset losses

Pendle launches USDe fixed-term markets with 3, 6, 9 and 12-month maturities on Ethereum

Blockaid flags ongoing Ankr bridge exploit on Ethereum, ~$292k drained in five withdraw calls

Ethereum developers propose rival fixes to prevent Glamsterdam's gas repricing from breaking existing smart contracts and applications holding user funds

Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

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More on $ETH

Phylax brings app-defined circuit breakers to Titan Builder, covering 1 in 2 Ethereum blocks

Bitmine reports $6.3 billion fiscal-year loss as 44% Ethereum decline triggers $6.23 billion in unrealized digital asset losses

Pendle launches USDe fixed-term markets with 3, 6, 9 and 12-month maturities on Ethereum

Blockaid flags ongoing Ankr bridge exploit on Ethereum, ~$292k drained in five withdraw calls

Ethereum developers propose rival fixes to prevent Glamsterdam's gas repricing from breaking existing smart contracts and applications holding user funds

Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

Phylax brings app-defined circuit breakers to Titan Builder, covering 1 in 2 Ethereum blocks

Bitmine reports $6.3 billion fiscal-year loss as 44% Ethereum decline triggers $6.23 billion in unrealized digital asset losses

Pendle launches USDe fixed-term markets with 3, 6, 9 and 12-month maturities on Ethereum

Blockaid flags ongoing Ankr bridge exploit on Ethereum, ~$292k drained in five withdraw calls

Ethereum developers propose rival fixes to prevent Glamsterdam's gas repricing from breaking existing smart contracts and applications holding user funds

Ethereum Targets Post-Quantum by 2028 At Devcon 8, Justin Drake set December 2028 for a post-quantum Ethereum, but that means three forks in 24 months, and Glamsterdam has stalled and may slip into 2027.

Total stats

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