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Arkham: Large ETH unstaking by the Ethereum Foundation may not cause short-term selling pressure
Golden Finance reports that on May 12th, yesterday, the Ethereum Foundation unstaked 21,271 ETH from Lido, triggering market panic. Arkham issued an analysis stating that this move by the foundation may be due to concerns over the security of third-party protocols. Additionally, the foundation has sold ETH multiple times recently, indicating a need for treasury rebalancing, which generally does not lead to immediate selling.