An Ethereum foundation associated address has sold 1100 ETH again.

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On August 16, according to Onchain Lens monitoring, the Ethereum Foundation associated address starting with 0xf39d sold another 1,100 ETH. In the past 3 days, the address has sold 7,294 ETH at an average price of $4,558, totaling approximately $33.25 million. Additionally, they transferred 16,000 ETH (approximately $71.45 million) and 6 million DAI to a new Wallet. Regarding the ownership issue of that Whale address, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, stated that the selling behavior of that address is not an operation of the Foundation. In the 2014 ICO, about 9% of the ETH supply was allocated to the Ethereum Foundation. Today, the ETH supply held by the Ethereum Foundation is less than 0.3% of the total supply. Therefore, after 10 years, it is likely to find a large number of addresses associated with the Ethereum Foundation.

ETH-3.82%
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