Ethereum Foundation Strikes Landmark OTC Deal: 10,000 ETH Sold to SharpLink in Historic Move

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2025-07-11 12:38:47

Ethereum Foundation Sells 10,000 ETH to SharpLink in First-Such OTC Deal

The Ethereum Foundation just made crypto history—dumping 10,000 ETH in a secret handshake with SharpLink. No messy exchanges, no price slippage, just old-school backroom dealing with a Web3 twist.

Why this matters

OTC (over-the-counter) trades are where the big players move assets without spooking the market. This isn’t your cousin’s Coinbase transaction—it’s institutional-grade maneuvering. The Foundation’s stash just got lighter, and someone’s portfolio got a lot heavier.

The cynical take

Another day, another whale avoiding the plebs on Uniswap. At least they didn’t call it 'strategic rebalancing' this time. The ETH price barely blinked—proving once again that crypto’s elite play by different rules.

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