Ethereum Foundation-Linked Address Sells Significant ETH Holdings

According to BlockBeats On-chain Detection, an Ethereum address starting with 0xf39d, linked to the Ethereum Foundation, has sold 1,100 ETH. Over the past three days, this address has sold a total of 7,294 ETH at an average price of $4,558, amounting to approximately $33.25 million. Additionally, 16,000 ETH, valued at around $71.45 million, and 6 million DAI have been transferred to a new wallet. Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation, clarified that the sales from this address are not actions taken by the foundation. During the 2014 ICO, about 9% of the ETH supply was allocated to the Ethereum Foundation. Currently, the foundation holds less than 0.3% of the total ETH supply. Over the past decade, numerous addresses associated with the Ethereum Foundation may have emerged.