{"id":42951,"date":"2026-04-11T16:41:30","date_gmt":"2026-04-11T16:41:30","guid":{"rendered":"https:\/\/financialrush.com\/?p=42951"},"modified":"2026-04-11T16:41:30","modified_gmt":"2026-04-11T16:41:30","slug":"ethereum-foundation-sells-11m-worth-of-eth-as-price-prepares-for-last-pump","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42951","title":{"rendered":"Ethereum Foundation Sells $11M Worth of ETH as Price Prepares for &#8216;Last Pump&#8217;"},"content":{"rendered":"<p> \n<br \/><\/p>\n<div>\n<p>&#13;<br \/>\n\t\t\t\t\t\t\t\t\tOne analyst said ETH could be aiming for a brief pump before it nosedives again. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<div>\n<p>The non-profit organization dedicated to supporting and developing the Ethereum ecosystem has disposed of all 5,000 ETH it had planned to sell.<\/p>\n<p>Meanwhile, some whales and institutions have started to accumulate, while the spot ETH ETFs ended the week in the green for the first time in almost a month.<\/p>\n<h2 id=\"ef-sells-whales-buy\">EF Sells, Whales Buy<\/h2>\n<p>After <a href=\"https:\/\/cryptopotato.com\/eth-nears-key-resistance-as-ethereum-foundation-approaches-staking-goal\/\">reaching<\/a> its goal of 70,000 staked ETH, the Ethereum Foundation outlined plans to dispose of 5,000 ETH to fund its operations. The sell-offs were completed in a couple of batches, with the first finishing on April 9 and the second on April 11.<\/p>\n<p>The average price at which the organization disposed of its tokens was $2,221, according to data from Lookonchain. They converted the funds into 11.11 million DAI.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The <a href=\"https:\/\/twitter.com\/hashtag\/EthereumFoundation?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">#EthereumFoundation<\/a> has sold the remaining 1,250 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$ETH<\/a>($2.8M).<\/p>\n<p>So far, all 5,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$ETH<\/a> planned for sale have been fully converted into 11.11M <a href=\"https:\/\/twitter.com\/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$DAI<\/a>, at an average price of $2,221.<a href=\"https:\/\/t.co\/nwflbWOvSl\" target=\"_blank\">https:\/\/t.co\/nwflbWOvSl<\/a> <a href=\"https:\/\/t.co\/wAb4FA5V5N\" target=\"_blank\">pic.twitter.com\/wAb4FA5V5N<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/2042786494562341066?ref_src=twsrc%5Etfw\" target=\"_blank\">April 11, 2026<\/a><\/p>\n<\/blockquote>\n<p>In contrast, additional data from Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/2042789850269782057\" target=\"_blank\">shows<\/a> that a wallet linked to Cumberland withdrew roughly $60 million in ETH from several exchanges, including OKX and Binance.<\/p>\n<p>The spot Ethereum ETFs also finished the week strong, with $85.19 million in net inflows on Thursday and another $65 million on Friday. Given Monday\u2019s $120.24 million, which offset the losses on Tuesday and Wednesday, the week ended with net inflows of $187.07 million, making it the first green week since the one that ended on March 13.<\/p>\n<h3 id=\"you-may-also-like\" class=\"heading-4\">You may also like:<\/h3>\n<h2 id=\"one-last-pump\">One Last Pump?<\/h2>\n<p>ETH was among the biggest beneficiaries of the two-week truce between Iran and the US, as it surged from $2,050 to over $2,250 as of press time. Well-known crypto analyst Ted Pillows believes the asset could target $2,350-$2,400 after rebounding above $2,200, which would \u201clikely be the last pump\u201d before another correction, as shown in his chart below.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$ETH<\/a> is back above the $2,200 level.<\/p>\n<p>If this zone holds, Ethereum could move towards the $2,350-$2,400 level, which would likely be the last pump. <a href=\"https:\/\/t.co\/3UQCv5nzKH\" target=\"_blank\">pic.twitter.com\/3UQCv5nzKH<\/a><\/p>\n<p>\u2014 Ted (@TedPillows) <a href=\"https:\/\/twitter.com\/TedPillows\/status\/2042895493202694627?ref_src=twsrc%5Etfw\" target=\"_blank\">April 11, 2026<\/a><\/p>\n<\/blockquote>\n<p>Meanwhile, another analyst, CW, <a href=\"https:\/\/x.com\/i\/web\/status\/2042601558156939742\" target=\"_blank\">indicated<\/a> that there\u2019s a notable uptick in ETH futures whales \u201cending their rest and moving again\u201d as evident by the increasing number of long positions, which \u201chad been quiet since the 8th.\u201d<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Exclusive)<\/span><\/center><br \/>\n<b>Binance Free $600 (CryptoPotato Exclusive): <a href=\"https:\/\/cryptopotato.com\/binance600f\/\" rel=\"nofollow\">Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (<a href=\"https:\/\/cryptopotato.com\/binance600d\/\">full details<\/a>).<\/p>\n<p><b>LIMITED OFFER for CryptoPotato readers at Bybit: <a href=\"https:\/\/cryptopotato.com\/pl\/bybit24\/\" rel=\"nofollow\">Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/ethereum-foundation-sells-11m-worth-of-eth-as-price-prepares-for-last-pump\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#13; One analyst said ETH could be aiming for a brief pump before it nosedives again. The non-profit&hellip;\n","protected":false},"author":2,"featured_media":40313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-42951","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42951"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/40313"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}