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#EthereumFoundationStakes$46.2METH
The Ethereum Foundation just made its largest single staking deposit on record — 22,517 ETH, worth $46.2 million, executed across 11 separate transactions on March 30. That brings their total staked balance to roughly 24,623 ETH, pushing the figure close to $50 million.
What makes this notable is the shift in posture. The Foundation has historically been a seller — offloading ETH to fund operations — so moving a chunk of treasury into staking signals a meaningful change in how they're managing reserves. Instead of liquidating, they're now putting assets to work on-chain, earning yield while staying long on the network they built.
ETH is currently trading around $2,129, up about 3.8% in the last 24 hours. The staking move comes at a time when the asset is still down roughly 32% over the past 90 days, so the Foundation is essentially doubling down near a suppressed price level — which the market appears to be reading as a vote of confidence from the inside.
Whether this marks a turning point in sentiment around ETH or is simply a treasury management decision, the optics are hard to ignore. When the people who built the network start staking instead of selling, it tends to get attention.