Ethereum Foundation Cashes In: Whales Splash Out as ETH Eyes ‘Final Fling’

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Well, I say, old bean, it appears the chaps at the Ethereum Foundation have been rather busy, what? The non-profit brigade, dedicated to the noble cause of nurturing the Ethereum ecosystem, has gone and flogged off all 5,000 of their precious ETH. Jolly good show, what?

Meanwhile, in the depths of the crypto jungle, the whales-those colossal beasts of the financial savannah-have been on a bit of a shopping spree, scooping up ETH like it’s going out of fashion. And let’s not forget the spot ETH ETFs, which have finally decided to end the week with a spot of green, for the first time in what feels like an eternity.

EF Sells, Whales Buy: A Tale of Two Wallets

Now, the Ethereum Foundation, having reached their ambitious goal of 70,000 staked ETH, thought it high time to part with 5,000 of their tokens to keep the lights on. The sale, conducted in a couple of jolly batches, wrapped up on April 9 and 11. The average price fetched? A tidy $2,221 per token, according to the sleuths at Lookonchain. They’ve since converted the lot into 11.11 million DAI-a move that’s as sensible as it is unexciting.

The #EthereumFoundation has sold the remaining 1,250 $ETH ($2.8M). So far, all 5,000 $ETH planned for sale have been fully converted into 11.11M $DAI, at an average price of $2,221. – Lookonchain (@lookonchain) April 11, 2026

But hold on to your monocles, for while the Foundation was busy selling, a wallet linked to Cumberland-those crafty coves-withdrew a cool $60 million in ETH from exchanges like OKX and Binance. One can’t help but wonder if they’re planning a spot of market manipulation or merely stocking up for a rainy day.

The spot Ethereum ETFs, not to be outdone, had a rather spiffing week, with net inflows of $85.19 million on Thursday and another $65 million on Friday. Even Monday’s $120.24 million managed to offset the midweek doldrums, resulting in a net inflow of $187.07 million-the first green week since March 13. Huzzah!

One Last Hurrah for ETH?

ETH, that plucky little scamp, has been on a bit of a tear lately, surging from $2,050 to over $2,250, thanks in no small part to the two-week détente between Iran and the US. The ever-astute crypto analyst Ted Pillows-a chap who knows his charts like Jeeves knows his teas-believes ETH could make a dash for $2,350-$2,400 after reclaiming the $2,200 level. But, alas, he warns this may be “the last pump” before another correction. Steady on, old boy!

$ETH is back above the $2,200 level. If this zone holds, Ethereum could move towards the $2,350-$2,400 level, which would likely be the last pump. – Ted (@TedPillows) April 11, 2026

Another analyst, the enigmatic CW, notes a “notable uptick” in ETH futures whales, who seem to have awoken from their slumber and are once again flexing their financial muscles. Long positions, which had been as quiet as a mouse since the 8th, are now on the rise. One can only imagine the champagne corks popping in their marble-clad trading rooms.

So there you have it, old sport. The Ethereum Foundation cashing in, whales splashing out, and ETH eyeing one final fling before the inevitable correction. It’s all quite the spectacle, isn’t it? Now, if you’ll excuse me, I’m off to pour myself a stiff drink and ponder the madness of it all.

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2026-04-11 19:14