USDS

Gnosis

Safe

Ethereum

CoW Protocol

<p><a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in">BitcoinWorld</a><br><img src="https://bitcoinworld.co.in/wp-content/uploads/feed-jpg/f-059b36e86eb4e920717cca7c98f4863c.jpg" style="display: block; margin: 1em auto"><br><a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in/foundation-linked-wallet-sells-1000-more-eth-as-price-nears-2000/">Foundation-linked wallet sells 1,000 more ETH as price nears $2,000</a></p>
<p>A wallet identified by blockchain analytics platform Lookonchain as 0x5CBC, described as linked to the Ethereum Foundation, sold another 1,000 ETH for approximately $2.03 million on Nov 11, according to <a href="https://crypto.news/is-ethereum-price-at-risk-as-foundation-linked-wallet-sells-more-eth/" rel="noopener noreferrer nofollow">Crypto.news</a>. The transaction, flagged by Lookonchain in a post on X, followed a same-sized sale the previous day.</p>
<div id="aeo-answer" class="aeo-answer-box">
 The wallet has now sold <strong>2,000 ETH worth roughly $4.16 million</strong> over two consecutive days, resuming activity after a two-week pause. Ethereum was trading near $2,000 at the time, with 12 of 17 tracked technical indicators signalling a sell.
</div>
<h2 id="key-facts">Key facts</h2>
<ul>
 <li>The Nov 11 sale moved 1,000 ETH through CoW Protocol for about 2.025 million USDS, an average of roughly $2,025 per ETH, per Crypto.news.</li>
 <li>The Nov 10 sale of 1,000 ETH was worth about $2.13 million and ended a two-week gap in activity, according to Crypto.news and <a href="https://www.panewslab.com/en/articles/01a1c849-9f73-7650-b06a-a3b876cd0904" rel="noopener noreferrer nofollow">PANews</a>, which both cited Lookonchain.</li>
 <li>The same address sold 2,785 ETH for about $6.42 million on Oct 26, Crypto.news reported, across swaps of 500, 600 and 1,000 ETH.</li>
 <li>Across the Oct 26 and Nov 10–11 sales, the address has sold 4,785 ETH worth approximately $10.58 million, per Crypto.news.</li>
 <li>On Oct 12, two other Foundation-linked wallets moved 4,393 ETH worth about $11.13 million to Kraken, according to analyst EmberCN via Crypto.news; no confirmed sale at that time was reported.</li>
</ul>
<p>Crypto.news and PANews agree on the headline figure for the latest sale: 1,000 ETH worth about $2.03 million, executed nine hours before each report. The two outlets differ in detail rather than substance — Crypto.news carries the full transaction trail, including the USDS proceeds and the Gnosis Safe proxy transfers, while PANews published a single-paragraph newsflash with no execution price or counterparty detail.</p>
<h2 id="selling-resumes-after-a-two-week-gap">Selling resumes after a two-week gap</h2>
<p>The Nov 10 transaction was the first from the address in about two weeks. Crypto.news reported that when that sale was identified, ETH had fallen 7.7% since the wallet’s previous transaction. The Oct 26 sales, executed at an average of $2,304 per ETH, had already come after a 9% decline from a suspected earlier sale, according to Lookonchain as cited by Crypto.news.</p>
<p>The Nov 11 sale cleared at roughly $2,025 per ETH, below the $2,130 price recorded during the Nov 10 transaction. Stablecoins from the swap were routed back to the same address through CoW Protocol’s settlement contract, with subsequent transfers involving a Gnosis Safe proxy wallet, Crypto.news reported.</p>
<p>The October transfers followed a different route. EmberCN traced the two Kraken deposits to an Ethereum Foundation wallet that had distributed 59,751 ETH roughly a decade earlier, with one tracked wallet sending 49,751 ETH to Kraken over the following ten years at an average historical price of about $658. Crypto.news noted that the Ethereum Foundation has historically used treasury ETH to fund grants, research, development and operating expenses.</p>
<h2 id="price-sits-between-support-and-resistance">Price sits between support and resistance</h2>
<p>ETH was trading near $2,067 after losing almost 10% over the past week, with 12 of 17 tracked technical indicators pointing to sell and only two to buy, according to Crypto.news. The 14-day Relative Strength Index stood at 30.36, close to oversold territory — a reading that can precede a short-term bounce but does not by itself signal that selling is finished.</p>
<p>Crypto.news put immediate resistance at $2,133, followed by $2,274 and $2,396, with $1,923 as the support level to defend. The outlet’s short-term projections placed ETH near $2,057 on Nov 12 with a possible slide toward $2,010 by Nov 21. That context sits against $184.51 million in net outflows from US spot Ethereum ETFs on Nov 9, per SoSoValue, and more than $462 million in crypto liquidations during the Nov 9 selloff, including about $425 million in longs.</p>
<h2 id="market-snapshot">Market snapshot</h2>
<p>At 06:20 UTC on Nov 11, CoinPaprika data put ETH at $2,066 (₹193,754), down 2.3% in 24 hours and 10.2% over seven days, with a market cap of $252.49 billion and 24-hour volume of $9.58 billion. Bitcoin traded at $73,772 (₹6,918,323), down 1.1% and 5.5% over the same windows.</p>
<h2 id="why-it-matters">Why it matters</h2>
<p>Treasury-linked selling is closely watched because it is one of the few visible supply signals in a market where large holders move quietly. The scale here is modest next to daily ETH volume, so the attention comes from the wallet’s provenance rather than its size — and the record shows the same address has sold into each leg of a multi-week decline rather than into strength.</p>
<p>The buying side has not disappeared. Crypto.news reported whales accumulating during the downturn, including a $21.55 million purchase financed with a $22 million USDT loan from Aave, a $19.7 million buy, and a two-year-dormant wallet withdrawing 34,601 ETH worth about $73.75 million from Binance on Nov 9. BitMine added 9,587 ETH, taking reported holdings to 6,070,092 tokens as of Nov 10.</p>
<h2 id="what-to-watch">What to watch</h2>
<p>The immediate test is whether ETH holds $1,923 on a closing basis; a break exposes it to further losses, while reclaiming $2,133 would bring $2,274 into play. The next decision point is the Nov 12 projection near $2,057 and the Nov 21 level near $2,010 carried by Crypto.news — neither is a certainty, and any further transfer from the same address would reset the supply question.</p>
<p>This is not financial advice. Crypto markets are volatile and unpredictable, and reported wallet activity, technical readings and price projections can all change quickly.</p>
<h2 id="frequently-asked-questions">Frequently Asked Questions</h2> How much ETH has the Ethereum Foundation-linked wallet sold recently? 
<p>Lookonchain tracked 4,785 ETH sold across Oct 26 and Nov 10–11, worth roughly $10.58 million at the respective execution prices, as reported by Crypto.news.</p> How did the wallet sell its ETH? 
<p>The November sales went through CoW Protocol, with about 2.025 million USDS returned to the same address via the settlement contract, according to Crypto.news.</p> Where does ETH face resistance and support? 
<p>Crypto.news reported immediate resistance at $2,133, then $2,274 and $2,396, with $1,923 as the key support level to watch.</p> Did all Foundation-linked wallets sell through decentralised venues? 
<p>No. Crypto.news reported that on Oct 12 two Foundation-linked wallets moved 4,393 ETH worth about $11.13 million to Kraken, with no confirmed sale reported at the time.</p>
<p>This post <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in/foundation-linked-wallet-sells-1000-more-eth-as-price-nears-2000/">Foundation-linked wallet sells 1,000 more ETH as price nears $2,000</a> first appeared on <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in">BitcoinWorld</a>.</p>

Foundation-linked wallet sells 1,000 more ETH as price nears $2,000

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