The Ethereum Name Service protocol sold 1,097 ETH for roughly $3 million via the ens.eth address, according to Lookonchain monitoring. The transaction executed at $2,743 per token.
The sale marks the latest in a series of treasury liquidations by ENS, continuing a pattern of converting protocol-held ETH into stablecoins or other assets. The direct on-chain disposal removes ETH from ENS's controlled supply and likely funds operational expenses and development initiatives.
The timing coincides with elevated staking withdrawal activity on Ethereum. The ETH staking exit queue has reached its highest level for 2026, with analysts attributing some withdrawals to profit-taking on staked positions.
Counterbalancing the sales pressure, total network contract positions for ETH grew 5.18 percent in the past 24 hours, signaling continued derivatives and leveraged trading interest despite the liquidations.
