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Ethereum Foundation Unstakes 17,035 ETH, Pulling Total Below 53,000
The Ethereum Foundation withdrew 17,035 ETH on Saturday, worth about $40 million, by converting wstETH into Lido’s unstETH contract. The withdrawn ETH will return to the foundation once the network’s withdrawal queue clears. The move cuts the foundation’s staked total to below 53,000 ETH after it had recently approached its 70,000 ETH ceiling.