Ethereum Foundation-Linked Wallet Sold 2,000 ETH Amid Price Decline

On November 13, 2026, Ethereum (ETH) fell below $2,000. In the morning market snapshot, the token was trading around $1,938, losing approximately 5.3% over the day. The decline was accompanied by liquidations in the derivatives market and large transactions by ETH holders, which included both sales and purchases.

Wallet linked to Ethereum Foundation sold 2,000 ETH

According to Lookonchain and Onchain Lens, the address 0x5CBC, which analysts associate with the Ethereum Foundation, exchanged 2,000 ETH for approximately $3.87 million USDS through CoWSwap. From November 10 to 13, this wallet sold a total of 4,000 ETH. The ownership of the address by the foundation and the purpose of the transactions have not been independently confirmed. There is also no evidence that these transfers specifically caused the drop in ETH price.

Large holders made opposite transactions

Onchain Lens reported a sale of 16,700 ETH for $30.94 million in USDT by another major market participant. Analysts separately estimated the difference between the preliminary value of the tokens and the exchange amount at approximately $1.61 million. This figure should not automatically be considered the final loss from the entire investment.

At the same time, Lookonchain recorded a purchase of 10,380 ETH for approximately $19.91 million by another wallet. After the transaction, it held 25,498 ETH, and the unrealized loss on the aggregate position was estimated at $11.3 million. This amount may change along with the token's price.

Liquidations and outflows from ETF: what the numbers show

According to CoinGlass, exchanges forcibly closed ETH futures positions worth approximately $288 million over 24 hours. About $259 million, or nearly 90%, were long positions betting on a price increase.

Farside Investors recorded a net outflow of $144.8 million from U.S. spot Ethereum ETF on November 11, including $129.8 million from BlackRock's ETHA fund. The figure for November 12 was $8 million in outflows at the time of verification but remained preliminary. These data characterize market pressure but do not establish a single cause for the decline in ETH.