Foundation-linked wallet sells 2,000 ETH as Ethereum price trades near USD 1,938

A wallet identified by blockchain analysts as linked to the Ethereum Foundation sold another 2,000 ETH for approximately USD 3.87 million, according to a crypto.news report published at 09:33 UTC on November 13, 2026. The report said ETH was trading near USD 1,938 at that time.

Wallet transaction and holder activity

Lookonchain identified the seller as an address beginning 0x5CBC, while Onchain Lens reported that the ETH was exchanged for approximately 3.87 million USDS through CoWSwap. Both analytics firms described the address as connected to the Ethereum Foundation. Lookonchain called the transaction the fourth sale it had tracked involving Foundation-linked addresses, following activity on October 12, October 26 and November 10.

The same report also described other large-holder transactions. Onchain Lens said one investor swapped approximately 16,700 ETH for USD 30.94 million in USDT. Lookonchain tracked another wallet purchasing 10,380 ETH for approximately USD 19.91 million. These transactions show opposing activity among large holders, but they do not establish the reason for Ethereum price changes.

Liquidations and ETF flows

CoinGlass recorded approximately USD 288 million in Ethereum futures liquidations over 24 hours, including around USD 259 million from long positions. Liquidations occur when exchanges close leveraged positions after traders no longer meet margin requirements.

Farside Investors recorded USD 144.8 million in net outflows from US spot Ethereum exchange-traded funds on November 11, including USD 129.8 million from BlackRock's ETHA. Preliminary November 12 figures showed another USD 8 million leaving the funds. ETF flows and futures liquidations provide market context, but neither figure alone explains the token's trading level.

What the transaction means for investors

The wallet activity is an on-chain data point rather than a stated change in Ethereum's protocol or treasury policy. Investors following ETH should distinguish the identified wallet's transaction from confirmed sales by the Ethereum Foundation itself and from broader exchange-traded fund flows.

Ethereum price was also discussed in connection with the Glamsterdam upgrade. The planned Hoodi testnet activation remains postponed while developers review potential compatibility issues involving existing smart contracts and proposed changes under EIP-8037 and EIP-8038. Further discussions were scheduled for November 19, while no revised mainnet activation date had been announced in the report.

More Ethereum coverage is available on the Ethereum topic page.