#ETH5kNext? $ETH

The Ethereum Foundation has sold at least 2,795 ETH — worth roughly $12.7 million — as ether prices hit yearly highs, according to onchain data.

Blockchain analytics firm Lookonchain revealed that the foundation-linked wallet “0xF39…E4B” sold 1,695 ETH at about $4,556 for 7.72 million DAI late Tuesday night. Around an hour later, it offloaded another 1,100 ETH at $4,602.

The wallet, which initially received 20,756 ETH from the “EF 1” address in 2017, now holds just 99.9 ETH (about $457,681) and 11.6 million DAI.

This selling activity comes amid strong upward momentum for ether, which climbed above $4,500 — its highest level of the year. As of 10:50 p.m. ET Tuesday, ETH was up 7.2% in the past 24 hours to $4,579, according to The Block’s price data.

Ether is currently outperforming bitcoin in year-to-date gains, driven by rising interest from Ethereum-focused treasury companies and heavy inflows into spot Ethereum ETFs. Corporate ETH treasuries, led by SharpLink Gaming and Bitmine, now hold nearly $9 billion worth of ether, while spot ETH ETFs recorded over $1 billion in net inflows on Monday — the largest single-day total since their launch last year.