Ethereum Foundation unstaked 21,270 ETH as treasury activity draws attention
The Ethereum Foundation withdrew nearly $50m in staked ETH from Lido weeks after earlier unstaking activity and multiple OTC sales to BitMine.
➤ The Ethereum Foundation has unstaked a significant amount of ETH from Lido, raising questions about its treasury management and operational funding needs. ➤ This activity follows earlier unstaking and OTC sales, with the foundation citing core operations, research, and ecosystem development as reasons for fund allocation. ➤ Concerns about third-party protocol risks, highlighted by the Kelp DAO exploit, may also be influencing the foundation's decisions regarding staked assets.














