ETF Outflows Dwarf Ethereum Foundation-Linked Wallet’s $8M November Sales

An Ethereum Foundation wallet offloaded 2,000 ETH via CoW Swap on November 13, 2026, fetching approximately $3.87 million. According to Lookonchain tracking highlighted by BeInCrypto, this latest transaction brings the address’s total disposals since October 26 to 6,785 ETH.

However, that activity is minor when compared to the broader selling pressure hitting ETH this November. US spot Ethereum ETFs have already accumulated $695.9 million in net outflows over the same period.

Ethereum Foundation Wallet Splits ETH Sale Into Two Orders

Lookonchain recorded two separate transactions of 1,000 ETH each executed through CoW Swap just minutes apart, with their combined value reaching roughly $3.87 million.

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Two additional 1,000 ETH batches were executed earlier in the week, pushing the wallet’s total November sales to 4,000 ETH—representing about $8.03 million based on tracker estimates.

Because the address is recognized as Foundation-linked, this Ethereum-associated account has drawn renewed scrutiny amid a wider market pullback for the token.

Ethereum ETF Outflows Reach $695.9 Million in November

Data from SoSoValue indicates that net withdrawals from US spot Ethereum ETFs hit $695.9 million in November, a figure roughly 87 times greater than the dollar value of the wallet’s sales this month.

This contrast highlights the relative scale of the wallet’s transactions. While the fund figures reflect institutional capital pulling out of the broader US spot ETH market, the Foundation-linked address represents just an isolated seller.

The pace of outflows has been relentless, with seven out of eight November trading sessions closing in negative territory. Consequently, total net assets dropped from $13.22 billion on October 30 to $11.65 billion on November 11.

A reversal in this pattern would alter market sentiment for ETH investors anticipating a return of demand. Until then, ongoing withdrawals keep the spotlight squarely on institutional activity and the movements of large wallets.

ETH Faces $2,000 Resistance After a 13% Weekly Decline

As reported by CryptoPotato on November 13, ETH fell 13% over the week and slipped below $2,000. That familiar psychological threshold has since turned into a resistance level.

Succeeding in pushing past $2,000 would offer the strongest indication of a rebound following the recent sell-off. Absent that milestone, ETH remains below a threshold it maintained for much of the year.

Earlier Sales Leave the Linked Wallet With About 11,000 ETH

The liquidation phase kicked off on October 26 when 2,785 ETH was sold for $6.42 million. Coupled with the batches sold earlier in the week and on Friday, the cumulative disposals reached 6,785 ETH.

Following these transactions, the wallet retained roughly 11,000 ETH, worth approximately $21.3 million. This remaining stash ensures the address will continue to be monitored closely as November’s ETF trends unfold.

FAQ

Which trading platform handled the wallet’s latest sale?

The November 13 transactions went through CoW Swap. Lookonchain identified two separate orders, each involving 1,000 ETH, executed minutes apart.

How much ETH remained in the wallet after the sale?

The linked wallet still held approximately 11,000 ETH after the transactions. Those holdings were valued at roughly $21.3 million in the November 13 coverage.

How much ETH did the wallet sell on October 26?

The October 26 transaction involved 2,785 ETH. Lookonchain’s figures placed its value at $6.42 million, making it larger in token terms than the latest 2,000 ETH sale.

How many November trading sessions recorded net outflows from US spot Ethereum ETFs?

Seven of the eight sessions covered by the November figures ended with net outflows. Across that period, cumulative net withdrawals reached $695.9 million.

When did ETH last trade near the price quoted in the November 13 report?

The coverage pointed to August 18 as the previous comparable trading period. Ethereum broke out of its summer range the following day and climbed above $2,500 within a week.

This article is for information only and is not financial advice.