According to @lookonchain, wallet 0x5509 sold 10,000 ETH for about $39.11M as the market fell, realizing a $7.5M loss; source: X post on Oct 30, 2025 https://twitter.com/lookonchain/status/1983793537838920125. According to @lookonchain, the ETH was accumulated roughly two months earlier and the address and transfers can be verified on Arkham Intel; source: https://intel.arkm.com/explorer/address/0x5509869f537ddD37b8D2c3e0aC2E882CdfA881E4. According to @lookonchain, the transaction reflects a whale panic-sell during downside pressure, indicating realized-loss distribution from a large holder; source: X post on Oct 30, 2025 https://twitter.com/lookonchain/status/1983793537838920125.

According to @EmberCN, the Ethereum Foundation announced it will sell 10,000 ETH on centralized exchanges over the coming weeks in September to fund R&D and grants (source: @EmberCN on X). According to @EmberCN, the 10,000 ETH (approximately $42.7 million) was transferred to Kraken about 10 minutes before the announcement (source: @EmberCN on X). According to @EmberCN, the Foundation’s prior sale occurred on July 11 via OTC, selling 10,000 ETH at a price of $2,572 (source: @EmberCN on X).